Final Expense in The Aloha State

Final expense insurance is a type of insurance that is often called burial insurance or funeral insurance. As the names imply, this coverage is designed to provide policyholders with the assets they need to pay for end-of-life costs, like funerals and burials. A final expense plan works like any other life insurance plan; when the insured person dies, a death benefit is paid out. 

The death benefit goes to whoever has been selected as the beneficiary of the plan. The policyholder can choose anyone they like to be a beneficiary, they can even select multiple people. Though, it is sometimes helpful to have a final expense agent help with the process of choosing the right beneficiaries. This ensures that the death benefit is spent how you would like it to be spent.