Final expense insurance, also known as burial or funeral insurance, is a type of life insurance policy designed to cover the costs associated with end-of-life expenses. It helps seniors and their families pay for funeral related costs such as cremation, burial plots, caskets, and other related services.   The cost of final expense insurance depends on several factors such as age, health issues, lifestyle and the amount of coverage desired. Generally speaking, premiums are more expensive for older seniors and those with pre-existing medical conditions. However, there are still ways to find an affordable policy that meets your needs.