Final Expense Life Insurance is a whole life (permanent life) insurance where the death benefit is used to cover medical costs and other end-of-life expenses, most often funeral costs including services like burial or cremation, items like caskets and urns, and more.
Permanent life insurance does not expire and remains in force for as long as the premiums are paid. If you purchase final expense insurance, the policy will be in effect until you die and your beneficiaries will receive the death benefit.
IMPORTANT: Your Premium will NEVER INCREASE and your Benefit will NEVER DECREASE
Final expense insurance is meant to be used as burial insurance for funeral expenses, but the beneficiary isn’t technically (or legally) required to do so. The death benefit can be used for whatever they wish.