Final expense life insurance, also known as burial insurance or funeral insurance, is a type of whole life insurance designed to cover the costs associated with a person's funeral, burial, and other end-of-life expenses.
Unlike traditional life insurance policies, final expense insurance typically offers lower coverage amounts, making it more affordable and accessible for individuals seeking to ease the financial burden on their loved ones after their passing.
These policies often have simplified underwriting processes, making them more attainable for seniors or individuals with health issues who may have difficulty obtaining other forms of life insurance.
Final expense insurance provides peace of mind by ensuring that funeral and burial expenses are covered, allowing grieving families to focus on honoring their loved one's memory rather than worrying about financial obligations during a difficult time.
