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Final expense insurance, also referred to as burial insurance, covers end-of-life expenses including funeral arrangements and any remaining medical or legal expenses that will need to be settled by. Nov 24, 2025burial insurance, or final expense insurance, is a life insurance policy with low coverage amounts designed to cover final expenses. 3 days agofinal expense insurance (often called burial insurance) is typically a small permanent life insurance policy designed to provide a death benefit your beneficiary can use for end-of-life costs like.