What Is Final Expense Insurance?

Final expense insurance is a type of whole life insurance specifically designed to cover end-of-life costs. Unlike traditional life insurance policies with large coverage amounts, final expense policies typically offer between $5,000 and $35,000 in coverage at affordable monthly premiums.

The death benefit from a final expense policy can be used for funeral and burial costs (averaging $7,000-$12,000), outstanding medical bills, credit card debt, or any other expenses your beneficiary chooses.

Final expense insurance is ideal for seniors ages 50-85 looking for affordable coverage, people who want to ensure their funeral costs are covered, those who may not qualify for traditional life insurance, and anyone who wants permanent coverage with fixed premiums.