OUTCOME

Family last expense insurance, also known as final expense insurance or burial insurance, is a type of life insurance designed to cover the costs associated with a person’s funeral, burial, and other end-of-life expenses. This type of insurance policy is typically intended for individuals who want to ensure that their loved ones are not burdened with the financial responsibilities of their funeral and other related costs when they pass away.

DETAILS AND BENEFITS

The policyholder typically names a beneficiary who will receive the death benefit upon the insured’s passing. This beneficiary can use the funds to cover funeral expenses, casket or urn costs, memorial services, burial or cremation fees, and other related costs.

Family last expense insurance provides peace of mind to policyholders, knowing they are leaving behind financial support for their loved ones during a difficult time. It can be a practical solution for those who may not need large sums of money for estate planning purposes but want to alleviate the financial burden of their final arrangements.

Policy Exclusions

• Suicide
• Death due to drunkenness
• Natural death occurs within three months after the subscription.
• Death caused by cosmetic surgery

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