Final Expense Insurance

Final expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance policy that is designed to cover the costs associated with a person's final expenses after they pass away. These expenses typically include funeral and burial costs, but can also include other end-of-life expenses such as medical bills, outstanding debts, or legal fees. Final expense insurance policies are often easier to qualify for compared to other types of life insurance. They typically have simplified underwriting processes and may not require a medical exam. This makes them more accessible to individuals who may have pre-existing health conditions or are older in age.

It's important to note that final expense insurance is a specific type of life insurance and is not intended to provide long-term financial support or income replacement for dependents. Its primary purpose is to cover the immediate expenses associated with the policyholder's passing.