What is final expense insurance?

Because it's built for a narrow purpose, final expense insurance tends to have simpler applications than large term or whole life policies. Many plans use a few health questions instead of a medical exam, and some guaranteed-issue options ask no health questions at all.

The death benefit is paid directly to your named beneficiary, who can use the money for any purpose — funeral costs, outstanding bills, or simply as a gift. There are no restrictions on how the payout is spent.