If you get final expense insurance, your loved ones won’t have to worry about paying for your medical costs and final expenses out of pocket. Final expense insurance is also commonly referred to as funeral or burial insurance. In particular, senior citizens tend to favor this option. The following components are typical of most funeral insurance policies:

• Whole life insurance: If payments are paid, there is no expiration
• If the policy has accumulated cash value, the insured person may be eligible for a loan against it.
• Consistent, unchanging payments are guaranteed, provided premiums are paid
• In a straightforward coverage policy, only a few questions about your health and lifestyle are needed to determine your eligibility for coverage.
• Simple application
• Typically, insurance can be provided within days of an application being submitted.
• Expenses that are within reasonable limits