Final Expense Insurance, also known as burial insurance or funeral insurance, is a type of life insurance policy that is designed to cover the costs associated with a person’s funeral, burial, and other end-of-life expenses.

You the policyholder pays a regular premium, and when they pass away, the death benefit is paid out to their designated beneficiary to cover the costs of their final expenses. The beneficiary is usually a family member or loved one who is responsible for making the funeral arrangements and covering the expenses.

Final Expense Insurance policies typically have lower coverage amounts compared to traditional life insurance policies, usually ranging from a few thousand to tens of thousands of dollars. They are also easier to qualify for, as they often have relaxed underwriting requirements and do not require a medical exam.

Final Expense Insurance policies can provide peace of mind for you knowing that your loved ones are not burdened with the financial responsibility of your final expenses. However, it is important to carefully consider the cost and coverage of such policies and compare them with other options, such as pre-need funeral plans or traditional life insurance policies, to determine which option is best for your particular situation.