Florida Final Expense Insurance: 11 Top Questions To Ask

Florida Final Expense Insurance
Florida Final Expense Insurance: 11 Top Questions To Ask

The Sunshine State is a beautiful place to live. From Tallahassee to Miami Beach and everywhere in between, the state of Florida has so many wonderful activities and destinations to offer.

One item that is not usually at the top of mind of Florida residence is what happens financially after passing away.

Funeral costs range over a wide variety of price points depending on several choices made throughout the process.

This is where final expense insurance comes into play as a necessary resource to help with funeral costs.

Florida outline

11 Top Questions To Ask About Florida Final Expense Insurance

1. What is Final Expense Insurance?

Final expense policies are a type of whole life insurance that comes with the following three benefits.

Price Lock: The monthly price will not increase or fluctuate for the entire life of the insured.

Coverage Lock: The coverage will never decrease throughout the life of the insured. This also means the policy will never expire.

Cash Value: As payments are made, a portion of the premium goes towards the cash value, building this amount up over time. The policy owner can borrow against this if needed.

Funeral insurance is different from a traditional whole life insurance policy because it is not meant to replace your income. The face amounts are smaller, typically from $5,000 – $40,000, so the funds are intended to cover funeral expenses.

A major benefit of funeral plan insurance is that there are no medical exams, providing a more streamlined process to get coverage.

2. I have heard different names used for this product type. What’s the difference?

Final expense insurance is also regularly referred to as burial insurance and funeral insurance. Whenever you see any of these three names, it refers to the same product. These are just marketing terms used by the carriers.

3. What Can the Death Benefit be Used For?

While this state-regulated insurance coverage can cover anything, it is most commonly used for funeral arrangements and fees from funeral homes. There are no controls as to what the death benefit has to be used for.

The following list includes typical items that the burial insurance payout can cover.

  • Cremation
  • Burial
  • Embalming
  • Memorial/Celebration of Life
  • Cemetery Plot
  • Casket
  • Credit Cards
  • Medical Bills
  • Post-Mortem Expenses
  • Leaving an Inheritance
  • Charity Donations
  • Other Final Expenses
  • Remaining Balance on a Mortgage
  • Legal Expenses

4. How Do I Qualify for Coverage?

Insurance companies each have different requirements to be eligible for their plans. With a wide range of plan options, it is key to work with a knowledgeable agent that can pre-qualify you for the best final expense coverage to meet your needs.

5. How Much Will Social Security Pay?

Social Security will pay a maximum of $255 to your survivors after they go through the process of qualifying for that amount. This is nowhere near what the average funeral costs in Florida and should not be your only plan.

6. How Old Can I Be To Receive Coverage?

The initial application age typically ranges from 50 – 80. However, some insurance companies will issue initial final expense coverage for seniors in their 80s.

Remember, once you take out a policy, you will have it for life. The question above is specifically referring to the age when getting initial coverage.

7. How do I Know Which Plan is Best for Me?

Do not try and be an expert. Instead, please speak with an independent agent specializing in this product type and rely on their expertise.

The different health requirements of funeral insurance companies are like puzzle pieces. Understanding the applicant’s health and goals with the policy is the most important aspect of the process. It is important to be upfront and honest with your agent.

8. Why do Policies Make you Wait for Full Coverage?

Some plans have waiting periods because the insurance companies need to protect themselves from seniors who pose a higher risk of a shorter lifespan. The plans with a waiting period will be more lenient with the health requirements, and the cost will increase.

There is no need to have a waiting period that is more than 2 years.

9. How do I Qualify for Immediate Coverage?

Burial insurance with no waiting period is possible to get. You will need to answer “no” to all the health questions that are asked on the application.

If you can do this, you will receive day one coverage and the best price possible.

10. Can I Purchase a Policy for My Parents?

You can purchase final expense insurance for parents, grandparents, or other loved ones. You do, however, need their permission to purchase for them. The proposed insured needs to be involved in the process, including being in sound mind and signing their name on the application.

11. Is This Coverage Worth it for Me?

There are no guarantees in life. If everyone knew exactly when we were going to fall ill or pass, then everyone would be able to plan for the end of their life and make the proper funeral arrangements.

Since this is not the case, Florida burial insurance is designed to give assistance in achieving peace of mind for a simple and easy monthly payment.

As long as the payments are made each month, final expense coverage is worth it because the resources will be there for your family when they need it.

Water and dock

What Is The Best Final Expense Insurance For Floridians?

The best burial insurance company and coverage for one person can be much different than another. This variation is very common within final expense coverage because each insurance carrier sets its own guidelines for what it will and will not accept.


Within the world of final expense insurance coverage, there are four plan tiers that you can get.

Level: Healthy seniors are the ideal applicants for level plans. To qualify, you need to answer “NO” to a wide variety of health questions. If you pass the medical questionnaire, you should receive the best price and immediate coverage. A level policy is the only one with no waiting period.

Graded: This plan has a two-year waiting period with a payout structure that increases each year. Graded is best for individuals with minor recent surgeries or mild medical concerns.

Modified: Like the graded plan, modified has a two-year waiting period but does not have as favorable of a payout structure. Modified plans are not always useful and should not be used in certain circumstances due to the high premiums and health qualifications.

Guaranteed Issue: This product is meant for individuals who have serious, recent, and chronic health conditions. Guaranteed acceptance plans ask no health questions and offer permanent coverage. There is a 2-year waiting period with this policy, and if you find the right company, premiums can be very reasonable.

Finding the Best Burial Insurance Company & Plan

Since there are so many factors that play into choosing the best final expense coverage, there are three main things to keep in mind.

Premium Price: Finding an affordable plan is essential. While the monthly cost will never change, your income might, which is why it is vital to get a premium that you can manage no matter what.

Company’s Financial Rating: Getting a burial insurance policy from a trusted insurance carrier is a must. Insurance companies with a financial rating of B+ or better will guarantee that the death benefit will be paid upon filing the claim.

Date of Full Coverage: Obtaining coverage that begins as soon as possible is important. For seniors in compromised health, the maximum wait time should be 2 years. If an applicant is in good health, there is a high likelihood they will not impose a waiting period.

What Is The Average Cost Of A Funeral In Florida?

Average funeral costs vary drastically from state to state. These costs also fluctuate between different cities and funeral homes. The prices shown below are the averages for different cities throughout Florida.

As far as the average for the country as a whole, Florida falls right in the middle for funeral expenses.

The average traditional burial service in Florida is $7,697

The average traditional cremation service in FL is $6,195




Daytona Beach $7,050 $5,686
Fort Meyers $7,945 $6,138
Jacksonville $7,869 $6,282
Miami $7,220 $5,925
Orlando $7,492 $5,987
Panama City $7,316 $5,953
Pensacola $7,398 $5,990
Tallahassee $8,230 $6,650
Tampa $7,821 $6,287
West Palm Beach $8,627 $7,056
FL State Average $7,697 $6,195

Not included in the price estimates:

  • Cost of Headstone, Monument, or Marker
  • Cemetery Property, Plot of Land, Columbarium, etc.


In 2020 Floridians chose to be cremated about 68% of the time. Funeral arrangements nationally show a growing trend towards cremation over burial. This number sheds light on why the estimated 2030 cremation rate in Florida is over 77%.

The cost of a cremation-based funeral is less expensive and is one of the reasons for this trend.


The average age of death in the state of Florida is 76.9 for males and 82.6 for females. This is a greater life span than the national average for both genders.

This is good news for Floridians, but seniors still need to be prepared for the inevitable.

National Average

  • Males 76.1
  • Females 81.1

Causes of Death

Listed below are the top 10 leading causes of death in the state of Florida, according to the Center for Disease Control and Prevention (CDC).

  1. Heart Disease
  2. Cancer
  3. Accidents
  4. Chronic Lower Respiratory Diseases
  5. Stroke
  6. Alzheimer’s Disease
  7. Diabetes
  8. Suicide
  9. Kidney Disease
  10. Chronic Liver Disease/ Cirrhosis

Everyone knows someone who has dealt with an issue on this list. The fact of the matter is we do not know when our life will come to an end. When the time comes, it is best to leave a legacy and not a financial burden.

Final Thoughts

a. When researching Florida final expense insurance, you have several choices. Florida has many senior citizens, which gives more carriers incentive to operate in the state. Just be aware that you have tons of options, and you are not tied to one company or carrier.

b. Always do your research and find the best plan for your specific health condition.

c. Work with an independent agent who can price check and can compare many different plans. There is not a one size fits all company.

Willamette Life is here to help guide and navigate you through the process.

Call us at 844-576-0019

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