You’ve likely spent time planning for major milestones like retirement, but have you thought about the expenses you may leave behind after you’re gone? Funeral costs, medical bills, and outstanding debt can add up quickly. In fact, end-of-life expenses average more than $24,000, yet almost 4 in 5 Americans underestimated those costs.1 That’s why we created this Action Planner, to help you with your planning.
Our Final Expense Action Planner is designed to get you thinking about your end-of-life costs, provide you with the information you need to prepare for them, and help you take action. You’ll find insights and guidance that will help you:
- Explore and clarify your final wishes
- Estimate your potential end-of-life expenses
- Understand how final expense life insurance works and how to get coverage
- Identify action steps you can take now to plan ahead
A final expense policy covers funeral costs and a variety of other expenses. It has a short application process, usually doesn’t require a medical exam, and monthly premiums remain the same for the life of the policy. Benefits are paid directly to the beneficiary, and the death benefit isn’t considered taxable income.* It may be an option if you don’t have life insurance or want to supplement existing coverage.
By preparing in advance and understanding your options, you can help protect the people you care about. A financial professional can help you estimate your potential funeral and other related costs and determine what policy options may make sense for your situation.
Click the link above to access the complete Action Planner “Protecting your loved ones with final expense life insurance” and explore some key action steps you can take to strengthen your end-of-life planning.
1Corebridge Financial, “Shrinking the life insurance coverage gap with education and awareness,” August 2025.
*Death benefits are generally excludable from the beneficiary’s federal taxable income under most circumstances and under current federal income tax law.
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