What Is Final Expense Insurance?

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Final expense insurance is the euphemistic term for a type of whole life insurance that has a relatively low death benefit (generally between $5,000 and $25,000). This kind of policy, which may also be called “burial insurance” or “funeral insurance,” is intended to cover the costs of the insured individual’s funeral. Final expense insurance is generally easier to qualify for and more affordable than other types of life insurance.

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Original Article Source Credits: the balance, https://www.thebalance.com

Article Written By: Emily Guy Birken

Original Article Posted on: January 13, 2021

Link to Original Article: https://www.thebalance.com/final-expense-insurance-5095463

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