Final Expense
Life Insurance
- A type of whole life insurance specifically designed to cover end-of-life costs.
- Smaller face amounts (typically $2,000 to $50,000) making it very affordable for seniors.
- Simplified underwriting often requires no medical exam—just a health questionnaire.
- Guaranteed to never expire as long as premiums are paid.
- Premiums are locked in and will never increase as the policyholder ages.
- Provides immediate funds to beneficiaries to pay for funeral, burial, or medical bills.
- Builds a small amount of cash value over time.
- Often used to prevent the financial burden of funeral costs from falling on family members.