Global Final Expense Insurance Market Report and Forecast 2025-2034

Key Trends in the Market

Final expense insurance is a specialised type of life insurance that is designed to meet end-of-life expenses such as funeral arrangements, burials, embalming, cremation, and memorial services. It may also be used for any legal or medical expenses that may be remaining which can be paid off by the policy beneficiary. Final expense insurance is also known as burial insurance, funeral insurance, modified life insurance, or simplified issue whole life insurance.

• The key final expense insurance market trends include increasing financial awareness among the global population and rising costs of funerals. Final expense insurance can ease the financial burden of caregivers or the family members of the deceased and aid them in covering the costs of funeral and other expenses.

• Prevailing health concerns and the growing elderly population are propelling the growth of the market. Advancements in healthcare are enabling more precise estimates of potential passing, which, coupled with increasing prevalence of chronic and fatal health conditions, are encouraging people to invest in final expense insurance.

• Another crucial trend propelling the final expense insurance market growth is the availability of such insurance policies through online channels. Online availability and purchase of insurance makes the process convenient and time saving for many, thereby fuelling the purchase of final expense insurance.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Final Expense Insurance Market Segmentation

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Final Expense Insurance Market Share by Type

Non-permanent type of final expense insurance is expected to hold a significant portion of the global market in the upcoming years, supported by the flexible design of the length of coverage and the lower costs of premiums. Additionally, non-permanent final expense insurance can be converted into permanent final expense insurance while vice-versa is not possible. This type of final expense insurance is also relatively straightforward and easy to understand which is increasing its appeal among a wider audience.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Global Final Expense Insurance Market Share by Region

At a regional level, North America is anticipated to witness sizable growth in the market for final expense insurance, driven by countries such as the United States where funerals are increasingly expensive and costs of healthcare are rising. Additionally, the rising population of elderly is also propelling the growth of the market in the North America region. Final expense insurance also often covers medical bills aiding the family members of the deceased in covering the costs of their healthcare treatments completely or partially.

Competitive Landscape

Other market players include MetLife, Inc, Zurich Insurance Group, Globe Life and Accident Insurance Company, Liberty Mutual Insurance Company, Aviva plc, and Allstate Insurance Company, among others.