Final Expense Insurance

Final expense insurance is a category of whole life insurance designed specifically to cover end-of-life costs including funeral and burial expenses, outstanding medical bills, and other debts. Policies typically offer face amounts from $5,000 to $25,000 and are available with simplified or guaranteed underwriting — requiring no medical exam and only a few health questions. Coverage is permanent as long as premiums are paid, premiums remain level for life, and cash value accumulates over time. Final expense policies are popular with seniors aged 50–85 who want to relieve their families of financial burdens at death. Because of the lenient underwriting, premiums per thousand dollars of coverage are higher than traditionally underwritten policies.