Final expense insurance is a low-cost type of life insurance that pays what’s known as a death benefit to beneficiaries upon the death of the insured. Final expense is sometimes called burial insurance, simplified issue whole life insurance, funeral insurance, or modified whole life insurance. 

The death benefit offered by final expense insurance is intended to cover expenses associated with the insured’s death, such as a memorial service or funeral, cremation, or embalming and casket. The death benefit can make sure that your death doesn’t put an extra financial burden on your loved ones – so they can focus on grieving and celebrating your life, not worrying about funeral costs.