What is the primary goal of a final expense fund?

The primary goal of a final expense fund is to cover end-of-life expenses. This type of fund is specifically designed to alleviate the financial burden that families may face after the death of a loved one. It typically includes costs related to funeral services, burial or cremation, medical bills, and other related expenses that can arise following a person's passing.

By establishing a final expense fund, individuals can ensure that their family members are not left with unexpected financial stress during a difficult time. It provides peace of mind knowing that sufficient funds are set aside to manage these important and often costly expenses.

Other options, such as saving for college funds or providing retirement benefits, address different financial goals that do not relate to the immediate needs associated with end-of-life planning. Accumulating wealth is a broader concept that can involve various investments and savings strategies, and while it may be a supplementary benefit of certain funds, it is not the primary aim of a final expense fund.