Final Expenses Insurance

Final expenses insurance is designed to help cover any immediate costs after you pass away, such as a funeral service, burial or cremation, or outstanding bills.

When you pass away, your beneficiaries will receive a lump sum payout that they can put towards your end-of-life expenses. It’s a little like that friend that’s always there even when you didn’t even realize you needed them.

Final expenses insurance works a lot like other insurance policies, but it’s much simpler (if we do say so ourselves).

You’ll pay a monthly or annual premium. That amount will be based on factors such as on your age, gender and smoking status, and the coverage amount you choose.

When the time comes, the beneficiaries you’ve chosen will get a lump sum payout within just a few days of making a claim. They can use that to cover any immediate expenses, such as a funeral service, or outstanding bills.

Final expenses insurance is designed to help cover any immediate expenses after you pass away, such as your funeral or memorial service, burial or cremation costs, or outstanding bills – at the end of the day, it’s up to you and the people you love.

Your beneficiaries will get a lump sum payment, and they can use the money on whatever they need at that difficult time.

Once Canadian residents outside Quebec hit their 20^th birthday, they’re guaranteed acceptance for North Cover Final Expenses Insurance – and it stays that way until age 80.

Burial insurance or funeral insurance are other names for final expenses insurance. As those names suggest, coverage can go towards funeral and burial costs, outstanding bills or other final expenses immediately after someone passes away. In the case of North Cover Final Expenses Insurance, it’s a one-time cash payout up to $25,000.

Life insurance, on the other hand, is designed to replace a person’s lost income after they pass away. That means the coverage amount may be bigger, because it often offers financial support for a longer period.

While life insurance payouts can go towards funeral costs, having final expenses insurance can give you additional peace of mind. The claim payment will come through fast, so your beneficiaries will have money on hand to cover immediate costs.

The monthly or yearly cost of final expenses insurance will depend on the level of coverage you choose, plus other personal factors, such as your age and smoking status. The best way to get an accurate estimate of the cost is to request a quote. Our licensed advisors are ready to talk you through your coverage options, so get in touch.

Nope! North Cover Final Expenses Insurance does not require any medical checks or blood tests when you apply for coverage. As long as you are a Canadian resident outside of Quebec between 20 and 80 years old, you are guaranteed acceptance.

Final expenses insurance is a smart choice for anyone who wants to protect their loved ones financially.

Any Canadian resident between the ages of 20 and 80 residing in Canada (outside of Quebec) is guaranteed acceptance for North Cover Final Expenses Insurance. You can also choose your coverage amount up to $25,000. That way, you know your beneficiaries will have a quick, lump sum payment that they can put towards whatever immediate expenses they need to cover after you pass away, including your funeral costs, last bills, and more.

Let’s talk it over. Get in touch with one of our licensed advisors to discuss your options and request a quote today.

Once you reach big life milestones like buying a home or growing your family, planning for the worst is important (even if it’s not always comfortable). Taking out final expenses insurance is one way to help you protect your loved ones from high funeral costs, and other bills or expenses you may leave behind. The bonus? Planning ahead will take some weight off your shoulders, so you can get back to living in the moment.