What is Final Expense Insurance?

Final expense insurance (also known as burial insurance) is a type of whole life policy with a smaller benefit amount, usually designed to cover funeral costs, medical bills, and other end-of-life expenses.

Key Features
  • Smaller coverage amounts, often from $5,000 to $25,000
  • Typically easier underwriting and simplified application
  • Premiums that never increase for the life of the policy
  • Lifetime coverage as long as premiums are paid
Who Might Consider It?

Final expense insurance is often chosen by seniors who want to spare their families from large out-of-pocket costs when they pass away.

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Helps Cover
  • Funeral and burial or cremation costs
  • Outstanding medical bills
  • Small debts or personal loans
  • Immediate family needs