Question 1

What is final expense insurance?

Accepted Answer

Final expense insurance is a type of whole life insurance designed to cover funeral, burial, cremation, and other end-of-life expenses. It provides a smaller coverage amount—typically between $5,000 and $50,000—to help protect your loved ones from unexpected financial burdens.

Unlike term life insurance, final expense policies generally last your entire lifetime and have fixed premiums that never increase.

Question 2

What does final expense insurance pay for?

Accepted Answer

Your beneficiaries can use the payout for:

Funeral services
Burial or cremation costs
Cemetery plots or urns
Headstones
Final medical bills
Small debts
Legal or estate-related expenses

In Texas, funeral costs often range between $6,000 and $10,000 or more depending on services selected. Final expense insurance helps ensure those costs don't fall on your family.

Question 3

Does Medicare cover funeral expenses?

Accepted Answer

No. Medicare Parts A and B cover hospital and medical expenses, but they do not pay for funeral, burial, or cremation costs.

Final expense insurance is designed to complement Medicare by covering expenses that health insurance does not.

Question 4

How does final expense insurance work with ACA health plans?

Accepted Answer

ACA (Marketplace) health plans provide medical coverage but do not include life insurance benefits.

Final expense insurance works alongside your ACA plan by ensure your family receives a tax-free cash payout to handle funeral and end-of-life costs.

Question 5

Who is Final expense insurance for?

Accepted Answer

Final expense insurance is typically designed for adults age 45-89 who:

Want affordable lifetime coverage
May not qualify for traditional life insurance
Have minor health conditions
Don't want to leave funeral costs to family
Want coverage without a Medical exam

It's especially helpful for Texans approaching retirement who want peace of mind.

Question 6

Do I need a medical exam to qualify?

Accepted Answer

Most Aetna final expense policies do not require a medical exam. Instead, you answer a few health questions during the application process.

Approval is often faster than traditional life insurance policies.

Question 7

How much coverage do I need?

Accepted Answer

The right amount depends on:

Funeral preference (burial vs. cremation)
Outstanding debts
Final medical costs
Whether you want to leave extra funds for family

Many Texans choose between $10,000 and $20,000 in coverage to handle typical funeral expenses and related costs.

Question 8

How much does final expense insurance cost in Texas?

Accepted Answer

Premiums depend on:
 • Age
 • Gender
 • Tobacco use
 • Health history
 • Coverage amount

Because rates are locked in for life, enrolling earlier (at 45–60) typically results in lower monthly premiums.

Question 9

Are premiums fixed or can they increase?

Accepted Answer

Most final expense policies offer fixed premiums. That means your monthly payment stays the same for life as long as you continue paying your policy.

Your coverage amount also remains guaranteed.

Question 10

How quickly is the benefit paid out?

Accepted Answer

Once a valid claim and required documentation (such as a death certificate) are submitted, life insurance benefits are typically paid within days to a few weeks.

The payout goes directly to your named beneficiaries as a tax-free lump sum.

Question 11

Is the payout taxable?

Accepted Answer

In most cases, life insurance death benefits are income tax-free for beneficiaries. Consult a tax professional for specific situations.

Question 12

Can I be denied coverage?

Accepted Answer

Some applicants with serious recent health conditions may not qualify for certain plans. However, there are often different underwriting options available depending on your health history.

Even if you’ve been declined before, you may still have options.

Question 13

What’s the difference between final expense and traditional life insurance?

Accepted Answer

Final expense focuses specifically on protecting your family from end-of-life costs.

Question 14

Can I cancel my policy?

Accepted Answer

Yes. You can cancel your policy at any time. However, coverage only remains active as long as premiums are paid.

Aetna allows an 30-day free look period with a right to cancel and 100% refund.  Some whole life policies may also build cash value over time.

Question 15

Why is final expense important for Texans 45 and older?

Accepted Answer

As we age, qualifying for traditional life insurance becomes more expensive or difficult. Final expense insurance offers:
 • Affordable lifetime protection
 • Locked-in premiums
 • Faster approval
 • Peace of mind for your family

Planning ahead helps ensure your loved ones aren’t left with unexpected bills.

Final Expense Insurance in Texas with Aetna - Protect Your Loved Ones

What is Final Expense Insurance?

Your wishes, your way

Who It's For?

Common Myths & Real Facts

Medicare (Parts A/B)

Final Expense Insurance

ACA Marketplace Plans

Hypothetical Examples

Coverage Details & How to Apply

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