Final Expense
To cover end-of-life cost.
Final expense insurance, also known as burial or funeral insurance, is a type of life insurance designed to cover the costs associated with end-of-life expenses. These expenses typically include funeral services, burial or cremation, medical bills, and small debts. Policies generally have lower coverage amounts, usually ranging from $5,000 to $25,000, making them more affordable and accessible.
This insurance is often marketed to seniors or those looking to ensure their loved ones are not burdened with financial obligations after their passing. Approval is typically easy, with minimal health questions and no medical exams required. Final expense insurance provides peace of mind, guaranteeing funds are available for necessary costs during a challenging time.