Final expense insurance can help ease that burden by paying for many of the costs associated with funerals.
With the high cost of funerals, the last thing anyone wants to think about after they lose a loved one is paying for and planning final arrangements, but it is a sad reality many people have to face who don’t have the proper coverage to prevent such occurrences.
Final Expense Insurance vs. Life Insurance
Unlike the high face value most regular life insurance policies contain, final expense insurance is written with a much lower face value and is intended solely to take care of the cost of a person’s final arrangements. A regular life insurance policy ranges from $250,000 to $1,000,000, while a final expense policy is typically purchased for $5,000 to $50,000.