Supplemental · Life & Final Expense
Life & Final Expense
Term, whole life, and burial insurance — protect your family without complexity.
What you can get
Term life — coverage for a fixed period (10/20/30 years). Lowest premium per dollar of death benefit. Best when you have specific obligations (mortgage, children's education) tied to a known timeline.
Whole life — permanent coverage that builds cash value. Premiums are level for life. Good fit if you want a guaranteed payout regardless of when you pass and a tax-advantaged savings component.
Final expense (burial insurance) — small whole-life policy ($5,000-$50,000) designed to cover funeral costs and small debts. Often guaranteed-issue with no medical exam, popular with seniors who don't already have life coverage.