Final expense life insurance is a type of permanent life insurance designed to help provide money for expenses your family may face after your death.

These policies are typically smaller than traditional life insurance policies and are often used to help cover costs such as funeral expenses, burial or cremation costs, medical bills, outstanding debts, and other final expenses.

You pay premiums to an insurance company in exchange for a death benefit. If the policy is in force when you die, the benefit is paid to your named beneficiary.

Final expense policies are often designed to be simpler than larger life insurance policies. Depending on the policy and insurance company, underwriting may involve health questions rather than a full medical exam.

Because most final expense policies are permanent life insurance, coverage can remain in place for life as long as required premiums are paid and the policy remains in force.

Final expense insurance may be a good fit for someone who:

• Wants to help prevent family members from having to pay funeral or burial costs out of pocket
• Does not need a large life insurance policy
• Wants permanent coverage rather than temporary coverage
• Has limited savings set aside for final expenses
• Wants to leave money behind for immediate expenses after death
• May have difficulty qualifying for traditional life insurance because of age or health

The goal of final expense insurance is simple: to help make sure your family has money available when they may need it most.

Education first. No pressure. Just options.