Recently retired seniors on fixed income

Final Expense Insurance for Retirees

Retirees rely on Social Security, pensions, and savings that can't easily absorb an unexpected $10,000+ funeral bill. Final expense insurance locks in a small, predictable monthly premium so your retirement nest egg goes to living — not to end-of-life costs.

Eligibility

Available to retirees ages 50–85. No employment or income verification required. Premiums do not affect Social Security, Medicare, or Medicaid eligibility.

Plan types available

Level benefit

Best value for retirees in reasonably good health.

Graded benefit

Approved even with several medications or chronic conditions.

Guaranteed issue

No questions asked — ideal for retirees who've been declined before.

Buying tips

  • Match coverage to your current funeral costs, not what they were 20 years ago.
  • Consider naming a child or trusted family member — not your spouse — if your spouse would struggle to manage a claim.
  • Review coverage every 5 years as funeral costs continue to rise.

Frequently asked

Will this affect my Social Security or Medicaid?

No. Final expense insurance is a private life insurance policy — it does not count as income and does not affect government benefits.

Can I afford it on a fixed income?

Most policies for retirees range from $30 to $100 per month depending on age and coverage. A licensed agent will help you find a level that fits your budget.

Talk to a licensed agent

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