What is Final Expense?

Final expense insurance is a type of insurance policy designed to cover the costs associated with end-of-life expenses, such as funeral and burial expenses, medical bills, and outstanding debts. It provides financial coverage to the insured individual, easing the burden on loved ones during a challenging time.

With final expense insurance, the insured pays a monthly premium or fee to the insurance company. In return, the insurance company offers financial support to cover the designated expenses outlined in the policy. This coverage ensures that the insured's final affairs are handled with dignity and without imposing financial strain on family members.