Seniors and retirees on limited monthly income

Affordable Final Expense Insurance for Fixed-Income Seniors

If Social Security or a pension is your primary income, an unexpected funeral bill can wipe out an emergency fund overnight. Right-sized final expense coverage locks in a small, predictable premium so your family isn't left with a five-figure bill.

Eligibility

Available regardless of income. Premiums do not count against Social Security, Medicare, or Medicaid eligibility.

Plan types available

$5,000–$10,000 plan

Covers a modest funeral. Premiums often under $40/month.

$10,000–$25,000 plan

Covers funeral plus small debts. The most common choice for fixed-income seniors.

Guaranteed issue

No health questions — perfect if you've been declined before.

Buying tips

  • Start with what you can comfortably afford — you can add coverage later.
  • A licensed agent can compare 15+ carriers to find the lowest rate for your age and health.
  • Premiums are locked in for life — the sooner you start, the lower your rate stays.

Frequently asked

What's the lowest premium I can expect?

For a healthy 60-year-old woman, a $5,000 policy can start around $20/month. Rates rise with age, coverage amount, and health.

Will life insurance affect my Medicaid?

Small final expense policies (usually under $10,000) are exempt from Medicaid asset limits in most states. A licensed agent can confirm for your state.

Talk to a licensed agent

Free comparison from carriers matched to your profile.

Free · No obligation · Licensed agents in all 50 states

Call (877) 652-0664 — Free Quote