Final expense insurance is a type of permanent life insurance designed to cover end-of-life expenses like funeral costs, outstanding medical bills, and other debts. It is also known as burial or funeral insurance. It is primarily targeted toward seniors or those with health issues who may have difficulty qualifying for other life insurance policies. Final expense insurance operates like a standard whole life insurance policy but with a smaller death benefit and MORE AFFORDABLE prices!

• Fixed premiums: Your premiums are locked in when you are approved and will not increase over the life of the policy.
• Smaller death benefit: Coverage amounts are typically smaller, often ranging from $2,000 to $50,000, which results in lower monthly premiums compared to traditional life insurance.
• No medical exam required: Most policies use a simplified underwriting process that requires answering only a few health questions, making them easier to qualify for. Some “guaranteed issue” policies require no health questions at all.
• Cash value: Like other whole life policies, final expense insurance can build cash value over time, which you can borrow against or withdraw. However, this will reduce the death benefit.
• Beneficiary flexibility: Your beneficiary receives a tax-free cash payout and can use the funds for any purpose, not just funeral-related costs.