Final Expense Life Insurance Products

 

What Is Final Expense Insurance?

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Final expense is a whole life insurance policy that has a small death benefit and is easier to get approved for.

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Final expense is also called “funeral insurance,” “burial insurance,”
“simplified issue whole life insurance,” or “modified whole life insurance.” All
are marketing terms that the insurance industry uses to sell small whole-life policies with a face value (death benefit) of $2,000 to $50,000

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Final expense insurance has a death benefit designed to cover expenses
such as a funeral or memorial service, embalming and a casket, or cremation.
However, the beneficiaries can use the death benefit for any purpose, from
paying property taxes to taking a vacation.