Top 7 Myths About Final Expense Insurance (And the Truth)

Don’t let misinformation keep you from protecting your family

When it comes to Final Expense Insurance, there’s a lot of confusion — and unfortunately, that confusion can stop people from getting the coverage they need.

At Safeguard Insurance Group, we talk to families every day who believe final expense insurance is too expensive, too complicated, or simply unnecessary. So let’s set the record straight.

Here are the top 7 myths about final expense insurance — and the truth behind each one.

❌ Myth 1: “It’s just another name for life insurance.”

✅ Truth: While both are types of life insurance, final expense insurance is specifically designed to cover funeral and end-of-life costs, not long-term income replacement or wealth transfer. It's simpler, more affordable, and easier to qualify for.

❌ Myth 2: “I’m too young to worry about it.”

✅ Truth: The best time to buy final expense coverage is before you turn 60. Rates are lower, approval is easier, and you can lock in protection early — long before any health issues arise.

❌ Myth 3: “My family will just pay for it.”

✅ Truth: That’s a heavy burden to leave behind. Funerals can cost $10,000 or more, and without insurance, your loved ones could face debt or even delay your services. Final expense insurance is a gift to them — not a cost.

❌ Myth 4: “I have savings — I don’t need this.”

✅ Truth: Even with savings, funeral costs can cause financial strain. Plus, bank accounts may go through probate and be unavailable when urgently needed. Final expense insurance pays out fast, tax-free, directly to your beneficiary.

❌ Myth 5: “I won’t qualify because of my health.”

✅ Truth: Most plans don’t require a medical exam. At Safeguard, we offer guaranteed acceptance options, meaning even with serious health conditions, you can still get covered.

❌ Myth 6: “Final expense insurance is too expensive.”

✅ Truth: Plans can cost as little as $30 to $70/month, depending on your age and coverage amount. It’s a small price to pay for peace of mind and protection for your family.

❌ Myth 7: “I’ll get it later.”

✅ Truth: Waiting means higher premiums, more health risks, and possibly missing your chance to qualify at all. The best time to plan is before you need it.

✅ Final Thoughts

Final Expense Insurance is one of the simplest and most thoughtful ways to protect your family from the unexpected. Don’t let myths and misinformation hold you back.

👉 At Safeguard Insurance Group, we’ll walk you through your options and help you get covered — fast, easy, and affordable.