Final Expense Life

What is Final Expense Life Insurance?

Life insurance is a contract between you and an insurance company. You make regular premium payments to the life insurance company. In exchange, the company pays a death benefit to your beneficiaries when you die.

There are basically two types of life insurance: term life and permanent life. Term life covers you for a fixed amount of time while permanent life insurance covers you until the end of your life.

Generally, term life insurance is cheaper to purchase than permanent life. However, permanent life policies, like whole life insurance, build cash value over time and don’t expire, if you’ve paid your premiums. Term life policies have no value if you outlive the contract.

Final Expense Life Insurance Carriers