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Best Age to Buy Final Expense Insurance

The short answer to "when should I buy final expense insurance?" is simple: the sooner, the better. Every year you wait, your premiums go up — and unlike many other expenses, this is one where your age is the single biggest factor in what you'll pay.

How Age Affects Your Premium

Final expense insurance premiums are calculated primarily based on your age at the time you apply. A 55-year-old and a 70-year-old applying for the same $15,000 policy will pay very different monthly amounts — often double or more for the older applicant.

Here's an example of what $15,000 in coverage might cost at different ages:

Age at Purchase	Estimated Monthly Premium
55	$25–$35
60	$35–$50
65	$50–$70
70	$70–$100
75	$100–$140

These are estimates, and actual rates vary by carrier, gender, and health status. But the trend is clear: waiting costs you money every single month for the rest of your life.

Your Rate Locks In — Forever

One of the best features of final expense insurance is that once you're approved, your rate is locked in permanently. It never goes up, regardless of your age or any health changes. That means the rate you get at 55 stays the same when you're 75, 85, or beyond.

This is why buying early is so powerful. You're not just saving money this year — you're saving money every year for the rest of your life.

What If I'm Already 70+?

It's never too late to get coverage. Even at 75 or 80, final expense insurance is still affordable compared to the cost of an unplanned funeral. The premiums will be higher than if you'd bought at 55, but they'll be lower than they will be next year.

The best time to buy was years ago. The second-best time is today.