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Stanton Norsworthy


Final expense life policies are so called because it is a policy is developed to cover the 'final expenses' of the policy owner. Difficulty in deciding precisely how much a funeral will eventually cost frequently results in a final expenses life policy owner taking out a policy which is large enough to cover all possibilities. The policies they sell are generally called pre-need life policies rather than final expense life insurance. The premium for final expense life policies can be paid for in complete when a policy is taken out. If a policy owner of a final expense life policy has a severe medical condition a policy might specify a lower benefit will be paid throughout the first few years of the policy.