Does even the average person need life insurance? John Hancock says we all leave behind final expenses like funeral costs, medical bills or other debts. An average funeral cost is between $8,000 to $9,000 and without insurance, your family could be alone in paying this bill. John Hancock's Final Expense Life Insurance has guaranteed acceptance without a medical examination for those between 55 and 80 years old. It also offers the Vitality program which provides discounts, rewards and healthy-living tips.