Final expense insurance, also known as burial insurance or funeral insurance, is a type of whole life insurance designed to cover end-of-life expenses, primarily funeral costs, medical bills, and outstanding debts. It’s a smaller, more affordable policy than traditional life insurance, often targeted towards seniors or individuals with pre-existing health conditions

Term insurance is coverage that is in place for a certain time period – it is often referred to as “temporary coverage.” You can typically purchase coverage in term periods of 10, 15, 20, or 30 years. If you die before the end of the term period, the policy pays the death benefit to your chosen beneficiary.

Indexed Universal Life (IUL) is a unique form of permanent life insurance that combines the protection of a life insurance policy with the potential for cash value growth linked to the performance of stock market indices, such as the S&P 500®.