To meet this need, you may be most interested in products with a death benefit – all life insurance has this feature in a range of amounts depending upon the value of the policy. 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.
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 expenses your family will face when you're gone.
