Final Expense Insurance
Final Expense Insurance is whole life insurance. Meaning the policy will last as long as the insured is alive, assuming the premiums are paid.
- The premium will remain the same throughout the duration of the policy.
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- It usually contains a smaller death benefit amount and easier approval. It is often referred to as burial insurance.
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- It primarily is aimed at people who are generally older and considering future funeral costs.
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- The death benefit amount doesn't have to be used for funeral cost though, and can be used for any purpose.
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