Some final expense insurance policies impose a waiting period, which means your coverage doesn't kick in immediately. If you die during the waiting period, the policy will not pay out a death benefit. Other insurers offer policies without a waiting period but might offer graduated benefits. That means only a partial benefit is paid out for a set period. However, others might provide full coverage right away. It's important to shop around with different insurers to find coverage with no waiting period if you want immediate protection.