Final Expense Policy

What is a final expense policy? Final expense policies are a type of life insurance that are typically much cheaper than other whole life insurance products. The reason for this is that final expense policies are designed solely to cover funeral expenses. They usually come with a much easier application/underwriting process, which makes for a much faster effective date.

Funerals can cost, on average, anywhere between $8,000 - $20,000. That can be a lot of money for the majority of Americans to payout for their loved ones. With a final expense policy, you are able to purchase policies from $5,000-$25,000, which can help keep premium costs low at any age, as well as provide you with the piece of mind you and your family need.