By Steve Vander Ploeg
Figures on this page are illustrative sample-profile benchmarks for education and layout — not live market quotes. Actual premiums vary by ZIP, vehicle, coverage, driving history, and underwriting. Ask a licensed agent for a personalized comparison.
What is the average cost of final expense insurance in Michigan?
Final expense insurance — also called burial insurance — covers funeral costs, medical bills, and small debts. For a 60-year-old Michigan resident, a $15,000 simplified-issue policy benchmarks near $48/mo. Because face amounts are small ($5,000–$25,000) and many policies skip the medical exam, final expense is more accessible than traditional life insurance for older applicants or those with health conditions.
| Market | Avg. monthly (sample) |
|---|---|
| $15K simplified issue (sample, age 60) | $48/mo |
| $10K simplified issue (sample, age 60) | $38/mo |
| $15K guaranteed issue (sample, age 60) | $68/mo |
Key takeaways
What Michigan families should know
- $48/mo illustrative benchmark for a $15,000 simplified-issue final expense policy (age 60).
- Simplified issue requires answering health questions but no medical exam. Guaranteed issue accepts everyone but costs more.
- The average funeral in the United States costs $7,848 according to the National Funeral Directors Association (2023 data).
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Michigan final expense insurance rates by company
Carrier differences on final expense can be significant — some specialize in simplified or guaranteed issue products and offer faster underwriting.
| Company | Avg. monthly (sample) |
|---|---|
| Carrier A (sample) · Illustrative | $32/mo |
| Carrier B (sample) · Illustrative | $38/mo |
| Carrier C (sample) · Illustrative | $44/mo |
| Carrier D (sample) · Illustrative | $52/mo |
| Carrier E (sample) · Illustrative | $62/mo |
Vander Ploeg data methodology
Tables on this page use an illustrative sample profile to show how factors can change final expense insurance premiums. They are not live filings or guaranteed quotes.
- Sample non-smoking adult with a simplified-issue whole life policy designed for final expenses
- Monthly premium framing for scannability (not an annual bill)
- Carrier names anonymized until verified market data is published
- Simplified issue assumed unless the table specifies guaranteed issue
- Your personalized quote may be higher or lower than any sample row
Figures on this page are illustrative sample-profile benchmarks for education and layout — not live market quotes. Actual premiums vary by ZIP, vehicle, coverage, driving history, and underwriting. Ask a licensed agent for a personalized comparison.
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Michigan final expense insurance rates by age
Final expense is typically purchased between ages 50 and 85. Premiums rise with age but remain more stable than traditional life insurance because face amounts are smaller.
| Age group | Avg. monthly (sample) |
|---|---|
| 45–49 | $28/mo |
| 50–54 | $36/mo |
| 55–59 | $46/mo |
| 60–64 | $58/mo |
| 65–69 | $72/mo |
| 70–74 | $92/mo |
| 75–79 | $118/mo |
| 80–85 | $155/mo |
Michigan final expense insurance rates by health class
Final expense policies come in two underwriting styles: simplified issue (health questions, no exam) and guaranteed issue (no questions, no exam, but a graded death benefit). Guaranteed issue costs more because the carrier takes more risk.
| Health class | Avg. monthly (sample) |
|---|---|
| Simplified issue (healthy) | $38/mo |
| Simplified issue (minor conditions) | $48/mo |
| Guaranteed issue (no health questions) | $68/mo |
Michigan final expense insurance rates by coverage amount
Final expense face amounts typically range from $5,000 to $25,000. Choose enough to cover funeral costs, outstanding medical bills, and any small debts you want cleared for your family.
| Face amount | Avg. monthly (sample) |
|---|---|
| $5,000 | $22/mo |
| $10,000 | $38/mo |
| $15,000 | $48/mo |
| $20,000 | $62/mo |
| $25,000 | $78/mo |
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Frequently asked questions
What is final expense insurance?
Final expense insurance is a small whole life policy — typically $5,000 to $25,000 — designed to cover funeral costs, outstanding medical bills, and small debts. It is permanent coverage with no expiration date.
Do I need a medical exam for final expense insurance?
Simplified issue policies require answering health questions but no medical exam. Guaranteed issue policies have no health questions and no exam — anyone can qualify, but they cost more and may include a graded death benefit in the first two years.
What is a graded death benefit?
With guaranteed issue, if you die from natural causes within the first 2–3 years, the carrier returns your premiums plus interest instead of paying the full death benefit. After the waiting period, the full benefit applies.
How much does a funeral cost in Michigan?
The national average funeral cost is $7,848 according to the National Funeral Directors Association (2023). Michigan costs vary by region but generally fall near the national average.
How do I get a Michigan final expense insurance quote?
Enter your ZIP to start. A licensed agent compares carriers and explains simplified vs. guaranteed issue options for your situation.
About Vander Ploeg
Vander Ploeg Insurance Agency, LLC is a licensed independent Michigan agency. We are not a carrier. We shop multiple companies, explain coverage in plain English, and stay on the file after you bind. Educational content on these pages is reviewed by licensed agents and is separate from any carrier relationship.