Final expenses are the end-of-life costs an individual incurs shortly before and shortly after they die. That could include final medical bills and funeral costs. Some programs can be used to cover final expenses for the now-deceased individual leaves behind. Final expense insurance has a death benefit designed to cover expenses such as a funeral or memorial service, embalming and a casket, or cremation. However, beneficiaries can use the death benefit for any purpose, from paying property taxes to taking a vacation.
