If you want to make sure you leave money to pay final expenses, you may be most interested in life insurance products with a death benefit. All life insurance has this feature in a range of amounts, depending on the value of the policy.
What is a death benefit?
A death benefit gives your loved ones money - typically, tax-free - that they may use to pay your final expenses in the event of your death. This benefit is often referred to as 'burial insurance' or 'funeral insurance.' However, it is typically a feature in whole life insurance coverage rather than a separate offering.
If the cost of premiums is a concern, you may want to look at coverage that is designed for low cost, while still providing a death benefit that may be sufficient to cover the final expenses your family will face after you're gone. A death benefit can also pay for other stressful obligations like hospital and doctor bills, as well as estate settlement costs.