What is Final Expense Life Insurance?

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Final expense insurance is a type of whole life insurance designed to cover medical bills and funeral expenses when you pass. A final expense policy is also known as burial or funeral insurance and is popular amongst seniors. 

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Most final expense plans have these features: 

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• Whole life insurance - no expiration if premiums are paid

• Cash value - insured may be able to take out a policy loan

• Fixed premiums as long as they're paid

• Simplified issue - usually no medical exam is required, just health questions on the application

• Easy one page application process

• Fast approvals - coverage can often be issued in days

• Affordable rates