Final Expense Life Insurance
Final expense insurance is a type of whole life insurance.
Whole life insurance policies are permanent life insurance policies that remain in force for the insured’s entire life.
They typically have higher premiums than term life insurance policies, but they also provide lifelong coverage and build cash value over time.
Final Expense (defined):
Final expense insurance is a type of life insurance that pays out a lump sum upon your death.
The death benefit can be used to cover funeral costs, debts, and other expenses.
This type of insurance is typically purchased by people who want to ensure that their loved ones are taken care of after they’re gone.
Final Expense and Burial insurance
Burial insurance and final expense insurance are two terms that are often used interchangeably.
However, they are not the same thing.
Burial insurance is a type of life insurance that pays out a death benefit to cover funeral expenses.
Final expense insurance, on the other hand, pays out a death benefit that can be used to cover funeral costs, debts, and other expenses.
Testimonials
I am so pleased with how easy it was to save money every month and maintain the same coverage. Thank you, United Insurance.
I was able to call and review my coverage with Roy. He saved me $23.00 per month.
Thank you for helping me with my Prescription drug plan. You saved me money.