Definitions for "Final Expenses"
Costs incurred during a last illness, funeral and burial costs, debts, probate expenses, death taxes and any other taxes or obligations that must be paid in order to settle the estate of a decedent.
These are costs associated with one's death that must be settled prior to distribution of that person's estate. Final expenses may include funeral and burial costs, existing debts, taxes and other outstanding expenses.
Expenses incurred due to death. Insurance may be purchased to cover these expenses associated with loss of life. Examples include, medical bills, funeral expenses, outstanding debts, federal estate taxes, state estate taxes, as well as probate and administration costs. "Meeting final expenses:" In the " How much life insurance do I need?" tool this number estimates an aggregate of some of these costs based upon the information you provide.
Keywords:  fup, unpaid, premium, first
First Unpaid Premium(FUP)