What Is Final Expense Insurance?

Final expense insurance is a small whole life policy — usually $5,000 to $25,000 — designed to cover funeral costs, burial expenses, and any remaining medical bills so your family isn't left with the burden.

Because the coverage amount is modest, underwriting is much simpler than traditional life insurance. Most policies require only a few health questions, and some accept everyone within the eligible age range.

Premiums are locked in for life and never increase. The death benefit is guaranteed as long as premiums are paid, and many policies build a small cash value over time.

Final expense is especially popular for seniors who want to leave their loved ones with peace of mind — not paperwork — and for people who couldn't qualify for larger policies due to health.