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.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.