Final expense insurance works differently than other life insurance policies.

These types of policies are also known as burial insurance, funeral insurance, memorial insurance, and similar names, though they all mean the same thing.
Final expense insurance is meant to cover your final expenses such as funeral, cremation, and burial costs.

However, these policies can also be used to cover things like credit card debt, mortgage payments or car notes. 

The coverage is usually lower than what you can expect from a traditional life insurance policy and the coverage amounts range from $5,000 to $25,000.