Life Insurance Questions & Answers: Final Expense
Final Expense Q&A
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What is final expense insurance and how is it different from regular life insurance?
Final expense insurance is permanent insurance for people ages 50 to 85 designed to cover burial costs and other associated costs at time of death. It is also grows with cash value. Death benefits range from $2,000 to $35,000.Regular insurance is available to all ages, with benefits ranging from $20,000 to millions, but does not grow with cash value. It's usually called Term insurance and you pick a time frame of coverage like 10, 15, 20 or 30 years of coverage.
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