Medicare Insurance
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What Is Final Expense Insurance?
Final Expense Insurance is a type of whole life insurance policy that provides your family the funds needed to pay off bills and expenses once you have passed. Whole life insurance will provide a death benefit for your family. This type of life insurance also features a savings component where cash value may accumulate. You can use the cash value accumulated in your burial insurance policy to pay premiums, borrow at a lower rate than banks, build an investment portfolio, and supplement your retirement income.
Some benefits of whole life insurance include:
- Guaranteed level premium that won’t increase over time
- Guaranteed cash value
- Guaranteed death benefit that won’t ever decrease