Final Expense Insurance

What Is Final Expense Insurance?

Final expense insurance, also referred to as burial or funeral insurance is typically a form of  whole life insurance policy that has been packaged, by the insurance company, in small amounts of death benefit.  

The death benefits may be sold with face amounts as low $2,000* and as high as $50,000**.

Insurance companies may offer a "relaxed" form of underwriting and/or a 'graded or modified" death benefit. The graded or modified death benefits are often issued based on the insureds health conditions, age and life expectancy.

Although the death benefits can be used for however the beneficiary designates, these types of insurance policies are sold or  "packaged"  by insurance companies to pay some or all of the costs associated with funeral or memorial service, embalming and a casket, or cremation.