What is final expense insurance?

Final expense insurance is a marketing term for simplified issue or guaranteed issue permanent life insurance. Final expense insurance is also known as funeral insurance, burial insurance, cremation insurance, death insurance, and end-of-life insurance. Final expense insurance is a special type of life insurance intended to cover the smaller and specific end-of-life expenses of an insured person after their death. Final expense insurance is more expensive than fully underwritten insurance because you can be provided coverage within a few days rather than a few or several weeks.

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