What is Final Expense?
Final expense insurance is a policy designed to cover the costs associated with one’s end-of-life expenses, such as funeral costs, outstanding medical bills, etc. It has a lower benefit amount and is designed to simply provide a means of paying for the expenses incurred without burdening the policyholder’s loved ones.
Burial Costs:
Varies by State/County: ~$9,000
Cremation Costs:
With Ceremony: ~$6,000
No Ceremony: ~$2,300