Final expense insurance is a type of whole life insurance policy that has a small death benefit and is easy to get approved for. It is also known as burial insurance or funeral insurance. Final expense insurance is designed to cover end-of-life expenses, including funeral arrangements, medical bills, legal fees, and any other expenses that may arise after death. The cash benefit from final expense insurance helps cover funeral and burial costs, medical needs, or anything else that will help loved ones. The death benefit is usually smaller than other types of life insurance policies, and the premiums are fixed and do not increase over time. Final expense insurance policies build cash value, which can be borrowed against or used as a non-forfeiture benefit. The coverage remains in place as long as the premiums are paid up. Final expense insurance is recommended for people who are older and starting to think about their funeral costs. It can be a way to ensure that family members do not incur added debt in a time of need.