It's a type of whole life insurance policy that provides funds to pay for your final expenses, which may include the cost of your funeral, burial, plot, headstone, and related expenses.
In addition, your beneficiary may use the funds from the final expense life insurance policy to cover your medical bills and unpaid debts, too.
By purchasing final arrangements life insurance coverage you make sure your loved ones will not experience any financial difficulties due to your death, by providing the funds to cover the cost of your funeral and burial.
Learn more about life insurance for final arrangements.