Final expense insurance is a type of insurance policy that provides financial help to cover the costs of a funeral or cremation. It is designed to take the financial burden off of surviving family members and help cover the cost of the final expenses. This type of insurance is ideal for those who want to ensure that their loved ones have peace of mind during a difficult time.

Final expense insurance typically covers the costs associated with a funeral, such as burial plots, caskets, headstones, and other related expenses. It can also be used to pay for medical bills, outstanding debts, and other costs that might arise during the end-of-life process. This type of coverage is usually purchased by individuals over 50 years old, but it can also be purchased at any age.

The primary reason people need final expense insurance is to provide peace of mind for themselves and their families. With this type of coverage in place, they know that their loved ones will not have to worry about where the money for funeral costs comes from or how they are going to pay for them. Final expense insurance can also be used as an estate planning tool—it can help avoid probate by covering any debts owed at death or even provide funds to pay inheritance taxes.