Have you heard of the term “Final Expense” life insurance, wondered how this product differs from traditional insurance coverage and if this affects you? It is important for you to know the difference in order for you to make the best decision when it comes to protecting your family and loved ones.

Being somewhat self-explanatory – “Final Expense” life insurance covers the cost of your final expenses... as in funeral expenses, medical bills or wherever it is needed most when you die. The main difference between final expense and traditional life insurance is a final expense product is NOT designed for income replacement. These type of policies simply do not have large enough coverage amounts. Many experts recommend having 10 -15 times your annual salary in life insurance coverage.

Since simplified underwriting is generally done for this product, final expense life insurance can be the answer when you may not qualify for traditional term life insurance.

Keep in mind the general purpose for final expense products... are for final expenses, which in turn means the typical maximum face value for these products are $25,000.

For those of you who are older and whose families do not depend on you for financial support, this product is for you. --- But, also keep in mind, if you are not able to qualify for traditional term coverage, and qualify for this smaller face value product....Having SOME life insurance is always better than having none. If you are healthy, young and have family to support, a Term Life product is what you are looking for.

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