Since life insurance is designed to provide for your beneficiaries after you pass, there are certain end of life expenses that it can help with, as well. Once you pass away, your family will bear the brunt of certain costs such as for a funeral, burial, and more. The right life insurance policy can help them pay for these expenses. 
What Is Final Expense Insurance?
This type of life insurance that exists to cover end-of-life needs, known as final expense insurance, can be worthwhile for some people. It can help to cover most of the big costs associated with these last months and years of your life.
For example, you may want to leave behind money for your family to use to cover funeral expenses. You may want it to cover any last medical bills or debts you have as well. It is important to consider this policy in the grand scheme, though. It is not the best option for many. However, it often provides enough money to cover the immediate final expenses related to your death.
What to Think About Before You Buy
First, remember that even if you are a bit older, you may still qualify for life insurance policies. Traditional term life and whole life policies are available to some people in their 40s, 50s, and beyond. Your age and health play a role in qualifying, but there is no reason not to try to apply for these plans. These policies may offer more coverage and better terms for you than final expense insurance. If you qualify for them, be sure to consider them.
Final Expense Options May Work Best
For others who do not qualify for traditional life insurance, the investment in a final expense policy can work. However, these policies tend to have only a basic level of coverage. Usually, this is just enough to help cover your costs as noted. However, there are other options available that can add to this smaller death benefit. One key thing to know about this type of policy is that your beneficiary still has control over how to use these funds. They can use them for any needs they desire.
Be sure to speak with your insurance agent about finding the best life insurance policy for you and your loved ones. Not all policies are created equal and you should rest easy knowing that your policy has the coverage your family needs.