Is Final Expense Renewable?

Is Final Expense Renewable?

In order to discuss whether or not you can renew final expense, we need to go over a few details.  Let’s discuss some specifics and whether or not a final expense insurance policy is right for you.

What is final expense?

Final expense insurance is intended to cover end-of-life expenses. While there are no stipulations about how the death benefit must be spent, it’s intended to cover funeral and burial costs, as well as any medical bills or credit card debt you may leave behind.

Final expense is not intended to pay off any large bills, such as a mortgage or car.  It’s solely intended to cover any costs that the death incurs.

Renewing final expense

Final expense policies last until death, so it is not technically possible to renew them.  While other insurance policies require renewal, a final expense plan does not.  This is one of the reasons why it’s so important to enroll in the right final expense policy; you’re going to have it for a long time.

When selecting a final expense policy, there are a few things you should keep in mind.  How much you can pay monthly and the amount of the death benefit will most likely be the biggest factors.  Final expense policies are not meant to act like life insurance, in that they’re not intended to provide long term benefits for any surviving dependents.  Final expense is intended to cover end-of-life costs, though any remaining sum can be used at the discretion of the beneficiary.

Is final expense right for you?

Final expense is an excellent option.  If you can afford a policy, you should research the different plans available in your area.  If you have any dependents or are concerned about the financial impact your death may have on your family, consider a final expense policy as a possibility for provision.

Thinking and planning for your death is hard.  Many find peace of mind in knowing that their family won’t have any financial burden because of their passing.  Final expense policies allow the death benefit to be spent by the beneficiary, without requiring payment directly to a funeral home.

Even if you have health conditions, you’ll still be able to get a final expense policy without needing to submit proof of health.  Rest assured that there are still options available to you and you do still qualify for a final expense policy.  If you’re wondering how this could impact your payments, reach out to your insurance provider and make an appointment so that you can discuss the details.

Selecting a final expense policy

Final expense policies are somewhat simple and uncomplicated.  Because the death benefit is not typically large, they’re very accessible and affordable.  Many are able to pay the premiums and then have their death costs paid for through the death benefit.  If you have specific plans for a burial or funeral, make sure that those are taken into account when selecting your policy.

Give us a call today and let our team answer your insurance questions.  We’re here to provide support and guidance on your insurance journey.


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