---
title: "What Is Final Expense Insurance? Definition | Epic Life Glossary"
description: "Final expense insurance is a small whole life policy designed to pay for funeral costs, burial or cremation, and related end-of-life bills. Face amounts..."
url: https://epicline.preview.multisites.ai/glossary/final-expense-insurance
publisher: Epic Life Group
apply: https://epicline.preview.multisites.ai/apply
quote: https://epicline.preview.multisites.ai/get-a-quote
---

Policy types and products

# Final Expense Insurance

Final expense insurance is a small whole life policy designed to pay for funeral costs, burial or cremation, and related end-of-life bills. Face amounts are modest, and it is often sold to seniors without a medical exam.

## Why it matters

Families buy final expense insurance so loved ones do not have to cover funeral costs out of pocket. Many policies use simplified or guaranteed issue underwriting, so approval is easier for people with health problems. Premiums are level and coverage lasts for life as long as premiums are paid. Some policies pay only a partial benefit in the first two or three years. Maximum face amounts, age limits, and waiting periods vary by carrier and state.

Source: [iii.org](https://www.iii.org/article/what-are-the-principal-types-of-life-insurance)

[Read next, for familiesFinal expense insurance: what it pays for, what it costs, and who it fits](https://epicline.preview.multisites.ai/life-insurance/final-expense)

## Where we use this term

-   [Burial insurance vs life insurance vs pre-need funeral plans: what is the difference?](https://epicline.preview.multisites.ai/guides/burial-insurance-vs-life-insurance-vs-preneed)
-   [How much does final expense insurance cost, and what sets the price?](https://epicline.preview.multisites.ai/guides/final-expense-insurance-cost)
-   [Guaranteed issue vs simplified issue: which fits your health and age?](https://epicline.preview.multisites.ai/guides/guaranteed-vs-simplified-issue)
-   [How do you file a life insurance claim after a loved one dies?](https://epicline.preview.multisites.ai/guides/how-to-file-a-life-insurance-claim)
-   [Indexed universal life (IUL) explained: caps, floors, costs, and risks](https://epicline.preview.multisites.ai/guides/iul-explained)

## Start your climb.

Tell us where you are today and request a call about licensing, training and the calls.

[Apply to join](https://epicline.preview.multisites.ai/apply)

Shopping for coverage instead? [Get a quote](https://epicline.preview.multisites.ai/get-a-quote)