What Is Final Expense Insurance?
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.
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