| || ||What is Final Expense Insurance?|
Final expense insurance is an insurance policy used to pay for funeral services and a burial when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.
The Benefits of Final Expense Insurance:
Final expense insurance allows the named insured to feel safe knowing that funeral-related expenses are covered regardless of the statutes of their estate at the time of death.
Types of Final Expense Insurance:
The two types of final expense insurance are term life and whole life. Term life insurance covers the insured for a specific time period or until a set age, after which coverage expires. Whole life insurance covers the insured for the remainder of his life.