How Does Final Expense Insurance Work?

Final expense insurance (or burial insurance) is generally purchased to cover the cost of a funeral or to pay any remaining final expenses at a fraction of the actual cost.

As you age you want to make sure you have some type of coverage when you pass away to make sure there is no debt left behind for your loved ones. Final expense policies are usually less than $100,000 of coverage (typically $50,000-$10,000) and do not require a medical exam. When shopping for a final expense policy, it’s important to acknowledge all of your options and pricing. The price is significant because your burial policy should be the last policy that you buy. You want the price to fit your needs and budget so you don’t experience the hassle of missing a payment or losing your policy. Not all policies are the same and not all people are the same. People have different needs. FE can offer you a policy quotes from multiple companies to find the best plans available.

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