Sentences with phrase «expenses after the death of the insured»

Not exact matches

[x] It is a form of life insurance policy which pays for the final expenses of the insured individual after his or her death.

Final expense insurance also referred to as «funeral» or «burial» insurance, is a life insurance policy that is designated for paying the final expenses of the insured that typically accumulate leading up to and immediately after the insured's death.

Life insurance is important because it can pay expenses left behind by the insured person after their death such as mortgage and credit card debt and the cost of the funeral and burial.