Also referred to as burial insurance, final expense insurance is a permanent life policy designed to cover funeral expenses. Beneficiaries can use the death benefit to pay for final medical bills and other end-of-life expenses, such as cremation, casket, or memorial service. However, the beneficiaries can use the death benefit for any purpose.

Like other permanent insurance, final expense insurance remains active provided that you pay your premiums. But, unlike most traditional permanent life policies, which require a medical exam to determine the cost of your policy, you’ll only need to answer a few questions for burial insurance.