What is Final Expense Life Insurance? Final expense insurance is a whole life policy that pays medical bills and funeral expenses when you die. It's also known as burial or funeral insurance. It's a popular choice among seniors.

Proven Lead Generation Campaigns Also known as “burial insurance” or “funeral insurance,” final expense insurance ensures that a senior's beneficiaries will have the money they need to cover the cost of death and funeral arrangements after their loved one's passing.

It Aids With Medical Bills If you have any outstanding medical bills after your death, it's up to your family to pay them. A final expense insurance policy could give them the funds to either fully pay off your debt, or at least aid in the payments.

Final expenses are the end-of-life costs an individual incurs shortly before and shortly after they die. That could include final medical bills and funeral costs. Some life insurance policies can be used to cover final expenses for the people the now-deceased individual leaves behind.

Whole life insurance has several variations, including limited payment, modified, single-premium, and variable whole life.

The final accounts of a life insurance company consist of (a) Revenue Account, (b) P&L A/c and (c) Balance Sheet.

Some of the essentials covered include: Funeral arrangements, including embalming, casket, flowers, and services. Burial costs, including cremation, burial plot, headstone, and interment. Outstanding medical, legal, or credit card bills.

You Can Sell Final Expense Insurance Often referred to as funeral insurance, burial coverage, whole life insurance, or just FE. Many independent insurance agents start selling life insurance by offering small plans as add-on sales to Med Supp plans.

Consider Leads Outside of Your Target Market Your target market for final expense is low-to-middle-class seniors, ages 50 and above. But, don't limit yourself to this age demographic!

Final expense insurance is also frequently referred to as “burial insurance,” “end of life insurance,” “ funeral insurance,” or “cremation insurance.” These labels (regardless of who uses them) are all synonyms. Upon your passing, the insurance company will disburse the proceeds to the beneficiaries of your choice.

It is simply defined as the cost one is required to spend on obtaining something. As the popular saying goes, “it costs money to make money.” Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation.

The $10,000 refers to the face value of the policy, otherwise known as the death benefit, and does not represent the cash value of life insurance policy. A $10,000 term life insurance policy has no cash value. However, a permanent life insurance policy might.