What is Final Expense Insurance?

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What is Final Expense Insurance?

Final expense insurance otherwise known as funeral expense insurance, is an insurance policy that will help your loved ones cover the expenses of your funeral and burial after you pass away. This coverage is a type of whole life insurance. That means that you’ll have coverage for the rest of your life.

Because funerals are extremely expensive and usually cost more than $10,000 most families need help in the form of coverage in order to pay for the funeral and burial.  Legal fees can increase the amount as well. This coverage can also assist with your outstanding medical expenses and other bills.

Is Final Expense Insurance right for me?

Final expense insurance is likely the best policy for you if you’re looking for the coverage benefits listed below:

Ability to qualify without a medical exam
Coverage for the rest of your life
Guaranteed death benefit for your family
Cover your funeral and burial costs
Cover final medical expenses and other bills
Up to $50,000 in coverage
Affordable premiums

Final expense insurance usually has a lower death benefit than term life insurance, so if you’re under the age of 40 and/or need more than $50,000 in coverage, check out our term life insurance.

If you’d like more information on final expense insurance, please contact us to learn more about how this can help you and your family. One of our licensed insurance agents will contact you to help you get affordable coverage for your family.

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