Final expense insurance, also known as funeral insurance, burial insurance, simplified issue whole life insurance, or modified whole life insurance, is a type of whole life insurance policy. It provides a modest death benefit and typically has a straightforward approval process.
Personally I prefer Dividend Paying Whole Life Insurance, but in most instances, people find out about the FLAWS of Term Life Insurance when it’s too late, and in those situations, Final Expense Insurance is the best option.
