Final expense life insurance coverage is often purchased by those who are considered “seniors,” or between the ages of 45 and 85 – although there are some insurance companies who will sell policies to applicants who are older.
This type of coverage is typically geared towards those who want to ensure that their loved ones will not be saddled with the high cost of a funeral and other related expenses such as a headstone, burial, flowers, and memorial service.
Today, the average cost of such items nationwide can be in the range of $10,000 – an amount that many families just simply do not have readily available. So, a final expense life insurance policy can help.