What is Final Expense Insurance?

Term Life Insurance vs. Whole Life Insurance

Term life insurance policies will often have terms of one year to 30 years. Typically, the monthly premium (monthly payment) stays the same throughout the term of the policy. Whole life insurance provides coverage your whole life and it includes something called “cash value”. Think of it like a mini savings account attached to the policy.

Life Insurance

Life Insurance

Final Expense, whole life insurance plans are specifically designed to cover the costs of funeral services (burials or cremations), and ANY other expenses you may leave behind when you pass. It is insurance money, in the form of a check, that is sent to your loved ones (who are called the beneficiary) immediately upon your passing.

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