What is Final Expense Insurance?
Final expense insurance (also known “burial insurance”) is a form of a whole life insurance policy with a small death benefit. Final Expense policies are easier for seniors to get approval. Often it requires answering only a couple of health-related questions, but a medical exam is not necessary.
Death benefits usually range from $5,000 to $25,000, with the premiums being paid either weekly or monthly. Most often the benefit is designed to cover funeral-related expenses such as the funeral, cremation, embalming, memorial service, and a casket. However, most final expense insurance policies allow the death benefit to be used for any purpose,.
Advantages of Final Expense Insurance