Final Expense Insurance

Final Expense Insurance, often referred to as burial insurance or funeral insurance, is a type of whole life insurance designed specifically to cover end-of-life costs. These policies typically have smaller death benefits (e.g., $5,000 to $50,000) compared to traditional life insurance, making them more affordable and accessible, particularly for seniors. The payout is usually made directly to a named beneficiary, who can then use the funds to cover funeral and cremation expenses, outstanding medical bills, legal fees, or any other final financial obligations. A significant advantage of final expense insurance is that it often requires no medical exam, only a few health questions, making approval quicker and easier, even for individuals with some health conditions. It provides peace of mind, ensuring loved ones aren't burdened with unexpected financial strain during a difficult time.