Do not settle for an expensive Life Insurance with
a very small Death Benefit amount.
Not exact matches
Because the
death benefit is typically
small on these types of policies, premiums can often be
very affordable and may be a great option if you are unable to afford a larger premium but would like to preplan for your final expenses.
Final expense coverage is
very similar to permanent coverage, because it lasts a lifetime, but usually comes with
smaller death benefits and simplified underwriting.
These so called «burial policies» can be
very expensive, and have relatively
small death benefits.