Final Expense Insurance

Final expense insurance is a life insurance policy designed to cover burial expenses and funeral services when the policyholder passes away. This type of insurance helps ease the financial burden on families during a difficult time.

More About Final Expense Coverage

Final expense insurance is a type of simplified life insurance policy that provides coverage until the policyholder reaches the age of 100. It is often compared to universal life insurance and may also be referred to as graded life insurance or burial insurance. It is a permanent coverage option that offers an easy application process.

As an affordable option, final expense coverage helps families manage the costs of funeral and burial services. Many individuals choose this type of policy to avoid burdening their loved ones with the high costs associated with end-of-life expenses.

While burial insurance premiums may initially be higher compared to other insurance types due to cash value features, one key benefit is that these premiums are fixed. This means the cost remains the same, even if the policyholder’s health declines over time.

Final expense coverage typically includes funding for services such as the casket, funeral service, visitation/viewing, hearse, grave digging and filling, cemetery plot, burial vault or liner, minister, headstone, flowers, and other related funeral expenses.