Find Your Coverage Gap in 2 Minutes

What Is a Coverage Gap?

A coverage gap is the difference between what your family will owe the day after you pass and what they actually have available to pay it. In Florida, the average traditional funeral runs $7,500 to $16,000 depending on the city, and that's just the burial. Add unpaid medical bills, credit card balances, and the cost of settling an estate, and most families face $10,000–$25,000 in immediate final expenses.

If the family's available liquid savings, existing life insurance, and final paycheck don't cover that number, the shortfall is the coverage gap. That's the amount a final expense insurance policy should close.

A worked example

Mary is 68, lives in Naples, and receives $1,850 a month from Social Security plus a small pension. She has $8,000 in a savings account and a $5,000 term life policy from her old job that pays out if she dies in the next 3 years. Her expected funeral in Naples costs $13,000 (the Naples median), and she has $4,000 in outstanding medical bills and credit card debt.

• Total final expenses: $17,000
• Available assets: $8,000 savings + $5,000 term life = $13,000
• Coverage gap: $4,000

A $10,000 simplified-issue final expense policy for Mary's age and health profile runs about $55–$70 per month and closes her gap with room to spare. She keeps her savings for her grandkids; her daughter isn't stuck putting the funeral on a credit card.

What the calculator below does

Answer four quick questions about your household — income, major obligations, existing coverage, and savings — and the tool estimates your coverage gap using Florida-specific funeral cost averages. Nothing is saved on our side until you choose to submit for a personalized quote. No email, no phone number, no obligation.