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We make insurance simple, affordable and pain free, so that you can get back to the moments that matter most.
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We are gathering all of options for you. A local field specialist will be reaching out via text and/or phone call to review all of your options within a few minutes. We are excited to help you protect the people that matter most.
Insurance doesn’t have to be difficult.
We specialize in making the life insurance process simple for our clients. That means no medical tests, no lengthy waiting periods for approval, and no unnecessary paperwork. We eliminate headaches and make the process easy.
Coverage. For life.
At Blaeos we teach families how to protect their way of life today and prepare a brighter future tomorrow. We believe your business and your trust must be earned.
We’re always here to help answer your questions and give you the information you need without obligation. That means no pushy salespeople, no quotas to meet, just a resource you can use to understand your options to protect what matters most.
With over 30+ options, we are backed by giants.
What type of life insurance is right for me?
Final expense insurance is a type of permanent life coverage. As long as the premiums are paid, the coverage will never expire. The death benefit is guaranteed to pay out so the premiums for these types of policies tend to be much more expensive than term coverage.
Final expense life insurance
Permanent life insurance also has a cash value that accumulates over time, usually with a minimum guaranteed interest rate. The insured can use that cash to pay premiums, borrow against the cash value, or take the cash out of the policy and void the coverage. Final expense insurance was designed for the older population so the underwriting requirements are not as strict compared to term.
A term policy may make sense for you if:
- You are interested in permanent coverage that will last your entire life.
- You like the idea of your policy accumulating cash value that you could use in the future.
- You are near retirement, and are afraid of not having enough income to cover final expenses.
- Your current health might not be considered "preferred" and cannot get approved for term coverage.
Real-world example: Frank is 68 years old, and retired. He wants to make sure he doesn’t saddle his loved ones with expenses when he passes away. He’s looking for coverage that doesn’t expire, so he can guarantee the payout of a death benefit that will take care of his final expenses. A whole life policy makes the most sense for Frank because he will be covered for the duration of his life.
Term life insurance
Term policies last for a preset amount of time, usually in increments of 10, 15, 20, or 30 years. Unlike final expense, the death benefit is only payable during the years the term is active. After the term ends, you no longer has coverage and will have to renew or apply for a new policy.
The price for a term policy is considerably less than final expense, this allows you to get the most amount of coverage for the lowest cost. Because these policies can be much larger, the underwriting requirements are pretty rigid and it is tougher to get approved as you get older.
A term policy may make sense for you if:
- You are able to choose the length of your term and the amount of coverage that would be paid out to your beneficiaries if you die before your term ends. If you die after your term ends, no death benefit is paid. It’s that simple.
- You want the most amount of coverage for the lowest cost.
- Currently have large debts that you need to take care of for your family like a mortgage.
- You are in good health and can qualify easily.
Real-world example: Sarah is a married, 35-year-old mother of 2 young children. She’s the primary breadwinner for her home, and she wants to ensure that her children will still be able to attend college in the event of her untimely death. For Sarah, a term policy makes the most sense. By structuring the term length around the time her children expect to make it through school, she can protect her children's educational future.
How much does final expense insurance cost?
It’s different for everyone and varies based on your unique situation. The biggest factors that can affect your premium include:
- The type of policy you choose: Whole life policies tend to cost more than term life policies because they last for your entire life, and accumulate cash value.
- Your coverage amount and term length: Less coverage and shorter term lengths tend to cost less–that’s another reason whole life policies cost more, they never expire.
- Your age: Younger people will have lower rates because they will likely live longer than older clients. There is less risk of a young client dying early, therefore they won't be charged as much for their premiums.
- Your health status: Healthier people will have lower rates than those with health conditions.
- Your tobacco use: Non-smokers have lower rates than those who smoke. Smoking leads to health issues later in life, which the insurance carriers factor in to their underwriting process.
- Your gender: Women have a longer life expectancy than men in the US. All other factors equal, men will pay higher premiums than women for the same policy.
How do we get life insurance for you?
Examine your financial situation and figure out how much you need to cover your final expenses, to pay off debts or other financial needs your loved ones may have.
$5,000 - $35,000 of coverage is available without a medical exam. Determine what amount fits your needs and budget.
This may be your spouse or a child, or whoever you want to receive the money when you pass away.
This is the easy part. You’ll be covered regardless of age, health or other factors (with a few exceptions).
Once you pay your first monthly premium, your policy is active.
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Browse all openingsFrequently Asked Questions
Surrounding Final Expense
What does final expense insurance cover?
Your beneficiary can use the death benefit for anything, but it’s typically used to cover funeral or cremation expenses.
What is the difference between final expense and life insurance?
Final expense is a type of whole life insurance and usually has a smaller face amount than traditional insurance. It focuses on covering end-of-life expenses while most life insurance policies focus on income replacement.
How does final expense insurance work?
It works like most other types of life insurance: there’s an application process and a review/approval process by the insurer. The death benefit is paid to the primary beneficiary once the claim is approved.
What is the maximum age to get final expense insurance?
It depends on the insurance company. Most people can get coverage until they turn 85. There are some companies that insure someone over the age of 85, but be prepared to pay a very high premium.
What happens to the excess proceeds of final expense insurance?
Final expense insurance doesn’t guarantee a certain amount of money towards funeral costs – 100% of the death benefit goes to the primary beneficiary. If you do any kind of funeral planning in advance, you can document your final wishes for your primary beneficiary and show how much of the policy benefit you want to go towards final arrangements.
How do you buy funeral insurance or final expense insurance for children?
The process is typically the same at every age. Most insurance companies require an individual be at least 30 days of age to apply for life insurance.
How quickly are final expense insurance policies paid out?
This depends solely on the life insurance company. Some companies can take weeks or months to pay the policy benefit. Others, like Lincoln Heritage, pay approved claims in 24 hours.
What are the average premiums for final expense insurance plans?
It’s difficult to say what the average premium will be. Your insurance rate depends on your health, age, sex, and how much coverage you’re taking out. A good estimate is anywhere from $20-$60 a month for a $5,000 – $10,000 policy.
How much is final expense insurance for a smoker?
Rates for smokers are usually 30% higher than a non-tobacco rate. Tobacco rates are higher no matter what type of life insurance you take out. The older you are, the higher your tobacco rate will be.