A life insurance policy purchased to cover the costs incurred during a last illness, funeral and burial costs, any debts, probate expenses, death taxes and any other taxes or financial obligations which must be paid in order to settle the estate of a decedent.
Final expense insurance is sometimes referred to as burial insurance or funeral insurance.
Most plans are guaranteed approval for anyone who meets the age requirements. There may be limited death benefits the first two years you are insured. There's no health exam or health questions asked when you apply for the coverage.
Learn more about final expense life insurance plans.