What is final expense insurance?

Final expense insurance, also called burial insurance, is a small whole life policy designed to cover end-of-life costs like funeral expenses, medical bills, and outstanding debts. Coverage amounts typically range from $5,000 to $25,000, premiums are fixed for life, and approval is usually guaranteed or simplified — meaning no medical exam is required. It is most commonly purchased by seniors aged 50–85 who want to spare their families from burial costs.