Final Expense falls within the whole life insurance category. It is intended to cover some of the costs that come with death and can extend to a wide variety of areas.
Who should consider final expense?
Anyone with specific wishes for their funeral or who is anticipating any debt after death should consider final expense. This type of insurance is an excellent way to reduce your family’s financial responsibilities.
There may be an age requirement to begin this type of policy, so be sure to read any requirements carefully before enrolling. Reaching out to your insurance provider is the best way to find out the specifics of their offerings and make an informed decision as to the type of plan that’s best for you.