Final Expense Whole Life Insurance
Final Expense Whole Life Insurance helps your loved ones cover your final expenses.

If it’s hard for you to think about your funeral, imagine how hard it will be for your family to plan yours without the money to do so. According to the 2023 Price List Survey by the National Funeral Directors Association, a traditional funeral can easily cost $10,000. Add that to any medical bills and outstanding debt, and your final expenses can quickly add up to $15,000 or more.
Key Features
- Guaranteed Acceptance: Permanent, whole life insurance with guaranteed acceptance for individuals ages 50-80.
- No Medical Exam: You can’t be turned down because of your health. The application is simple with no health questions or medical exam.
- Locked-in Premium Rates: Premiums are locked in when coverage takes effect. Your rate will never change for the life of the policy.
- Coverage:Death benefit proceeds can be used for burial, cremation, funeral services, legal fees, probate, medical bills, outstanding bills, and more.
Frequently Asked Questions
When will my coverage begin? Your coverage will begin as soon as your completed application and first payment are received.
Will my payments increase or my coverage end? Because this is permanent life insurance, your payments will never increase. You will have lifetime protection as long as all premium payments are made on time.
Can I change my mind? We offer a Free Look Period that allows you to cancel your policy for any reason within 30 days of receiving it. If you are not 100% satisfied, your full refund will be promptly returned within 10 days of cancellation.
Who can I select as my beneficiary? Anyone you choose. The beneficiary you designate will receive the proceeds of your policy to help cover your final expenses.
How often will I need to make payments? To make budgeting easier, you can choose to make monthly electronic fund transfer payments. Other options include semiannual and annual payments.
Will the full death benefit be paid immediately? Final Expense Life Insurance provides a graded death benefit. If death occurs in the first two years from a cause other than as the result of an accident, your beneficiary will receive 100% of the unearned premiums and 110% of the earned premiums paid for this coverage. If death occurs after the first two years, or as a result of an accident at any time while the coverage is in force, your beneficiary will receive the full death benefit.
Important Advisories
- Graded Benefit Whole Life Insurance (Final Expense Life Insurance) may be a Modified Endowment Contract (MEC). As such, any distributions, including loans, may be taxable if there is a taxable gain in the contract, and must be reported as taxable income. In addition, distributions that occur prior to age 59½ may be subject to a 10% tax penalty. Therefore, it is important that Graded Benefit Whole Life Insurance is purchased with assets that you are reasonably confident will not be needed in the future.
- Like all life insurance policies, this policy has exclusions, limitations, reduction of benefits, and terms under which the contract may be continued in force or discontinued. For costs and complete details of coverage, contact your representative or call 800-521-9292.
Graded Benefit Whole Life Insurance ICC16 GBWL; ICC16 GBWL SPN; GBWL 2020 FL and GBWL 2020 FL SPN.
For more information, request a free, no obligation needs analysis with a representative.
Make the Connection: Woman’s Life, a Trusted Fraternal Life brand, provides the financial protection you expect with the added benefit of helping those in need. When you plan ahead to protect your family’s financial security, you also help support scholarships, soup kitchens, charitable events, and more. Through our Chapter Financial Support Programs, we support communities to help neighbors, friends, and families. Click here to learn about the Communities and Causes supported by active Woman’s Life Chapters.
Woman’s Life® is a Trusted Fraternal Life™ brand. Life insurance and annuities issued by Trusted Fraternal Life, Milwaukee, WI. Not available in all states.