Final expense insurance is a whole life insurance policy designed to cover your final expenses, such as funeral costs, medical bills, and outstanding debts. It typically comes in smaller coverage amounts (usually between $2,500 and $50,000) and is easier to qualify for than traditional life insurance. It may be a good option if you want to ease the financial burden on your loved ones, don’t have much life insurance, are concerned about funeral costs, or prefer a policy without a medical exam.