Final expense policy premiums can be as low as $10 a month and could be higher or lower depending on your age, sex, overall health, amount of coverage, and the life insurance company you ultimately choose. If you have significant health conditions, currently use tobacco or are over the age of 80, your premium will likely be higher than an average 60-year-old. Remember, a lower rate usually means fewer features and benefits for surviving beneficiaries so be sure to look at more than just face-value cost when deciding on a final expense plan.
It’s important to accurately calculate the amount of coverage you think you’ll need and compare quotes from multiple providers. Don’t be afraid to ask for ways to reduce your premium when speaking to an insurance advisor.