Final Expense Insurance
What is final expense life insurance?
Final expense life insurance is a small whole life insurance policy designed to cover funeral and burial costs. Coverage amounts typically range from $5,000 to $25,000. Final expense policies are available to seniors aged 50-85 and often have simplified underwriting. The death benefit is paid directly to the beneficiary.
Key Points
- Final expense: small whole life policy for funeral and burial costs
- Coverage: typically $5,000-$25,000
- Available to seniors aged 50-85
- Simplified underwriting: few health questions, no medical exam
- Death benefit paid directly to beneficiary