What is Final Expense Life Insurance? Final expense life insurance is an insurance policy used to pay for burial expenses, funeral services, and any lingering expenses. It helps to ease the financial burden that often falls on family members.
With the cost of funerals soaring, final expense insurance can help cover expenses during the end of life, including medical bills. Although that is the ideal reason to use this type of coverage, beneficiaries can use the death benefit payout however they choose. This gives freedom and peace of mind to you and your family.