Today, Final Expense insurance can help prepare your family financially for your loss, all while building cash value you can use during your lifetime. This type of insurance can help your family deal with grief rather than worry about burial expenses.

Final Expense insurance is a type of whole life insurance designed to cover medical bills and funeral expenses upon your passing. A final expense policy is also known as burial or funeral insurance and is very popular with seniors.

Most Final Expense plans have these features:

• Whole Life Insurance – no expiration if premiums are paid
• Cash Value – insured may be able to take out a policy loan
• Fixed Premiums – as long as they are paid
• Simplified Issue – usually answer health questions without medical exam
• Application – easy process
• Fast Approvals – coverage can often be issued in days
• Rates – very affordable
  

Final Expense is a type of whole life insurance and usually has a smaller payout than traditional life insurance. It focuses on covering end-of-life expenses while most life insurance policies focus on income replacement.