This is a question we get a lot. Their term “Final Expense” is used in regard to burial insurance, also known as final needs plans. These plans are small whole life insurance policies that are designed to handle the last expense a person’s family must handle for them. This could include the funeral and burial, lingering bills or other debt. It can also be a small financial gift (inheritance) to leave behind. At the time of your passing, your loved ones will be sad, confused and won’t need the extra burden of planning for paying for these things. They need the peace of mind to know that it’s all handled. And YOU deserve the Peace of Mind knowing that you gave them this final gift.