Final Expense Insurance provides a lump sum payout to your beneficiaries when you pass away. This payout is used to cover final expenses like funeral costs, medical bills, and other debts that may arise. The policy is usually easy to qualify for, with minimal medical exams or health questions.

Final Expense Insurance is ideal for those who want to ensure that their family or loved ones are not burdened with funeral and other end-of-life expenses. It’s particularly beneficial for older individuals or those with limited financial resources who may not have enough life insurance coverage to cover these costs.

Final Expense Insurance typically covers funeral and burial costs, cremation expenses, medical bills, and other related end-of-life expenses. It can also cover debts such as credit card bills or personal loans, depending on the needs of your beneficiaries.

Applying for Final Expense Insurance is simple and usually doesn’t require a medical exam. Most policies involve answering a few health-related questions, and some insurers may offer guaranteed approval for certain age groups. The application process is quick, and approval can often be granted within a minutes.

Yes, most Final Expense Insurance policies are permanent, meaning they provide coverage for your entire life as long as premiums are paid. This contrasts with term life insurance, which only covers you for a set period (e.g., 10, 20, or 30 years).