How Does Final Expense Insurance Differ from Burial Insurance?

Understand the difference between final expense insurance and burial insurance, and which is best for Oklahoma families.

Many Oklahomans use the terms final expense insurance and burial insurance interchangeably. While both cover end-of-life costs, there are subtle differences that may affect which one fits your family best.

Final Expense Insurance

Final expense insurance is a permanent life insurance policy with coverage typically between $5,000 and $40,000. Benefits can be used for funeral expenses, medical bills, or even unpaid debts. It’s flexible and offers lifetime protection.

Burial Insurance

Burial insurance is often a smaller, more narrowly focused policy designed specifically to cover funeral and burial costs. While similar to final expense, it may not provide funds for broader end-of-life expenses.

Key Differences

• Coverage: Final expense can cover more than just funerals.
• Flexibility: Final expense funds can pay medical bills or debts.
• Cost: Burial insurance is often cheaper but more limited.

Which Is Right for Oklahomans?

If you want basic coverage for funeral costs, burial insurance may be enough. For more flexibility and peace of mind, final expense insurance is often the better choice.

Anchor’s Role

Anchor Financial Group compares policies from multiple carriers to help Oklahoma families find affordable, reliable coverage.

The right policy depends on your goals. Anchor makes the decision simple.

Get your final expense insurance quote