Benefits of owning a life insurance policy to cover your final expenses

Final expense insurance (or burial insurance) can help relieve the burden of funeral planning. We'll explore details of guaranteed issue life insurance.

Woman reviewing her life insurance policy.

Anyone who has ever had to assist with funeral arrangements for a loved one who didn't have life insurance knows how stressful it can be. Not only does it take a toll on us emotionally, it can often put significant financial stress on us as well. The last thing we want to do is put our loved ones in that same situation when it comes to our own funeral.

Do you currently have life insurance? If not, have you ever considered how the costs of your funeral will be covered? Did you know the average funeral typically costs around $8,000? Would the cost of your funeral create a financial burden if your family members had to pay for it? Final expense insurance (sometimes called burial insurance or funeral insurance) can ease the financial burden and stress on grieving loved ones by covering those costs.

What is guaranteed issue life insurance?

Guaranteed issue life insurance, or guaranteed acceptance life insurance, is a kind of life insurance policy designed to cover your final expenses, including funeral and burial or cremation costs.

What are the benefits of guaranteed issue life insurance?

For those who don't currently have a life insurance policy in place to cover their final expenses, here are some benefits that guaranteed issue life insurance offers:

  • You won't be denied coverage — it's always guaranteed.
  • There are no medical questions or exams to take.
  • It has a simple quote and application process.
  • Rates are affordable and the premiums will never increase.
  • The policy is issued instantly — you're guaranteed same day coverage.

Learn more

There's a lot to understand about life insurance, and we want to make sure you have all the information you need to make informed decisions about covering your funeral expenses. We encourage you to learn more and discuss your unique needs with your local State Farm® agent.

The information in this article was obtained from various sources not associated with State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates). While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. State Farm is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. State Farm makes no guarantees of results from use of this information.

Neither State Farm® nor its agents provide tax or legal advice.

Each State Farm insurer has sole financial responsibility for its own products.

State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL

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