Is it possible to buy life insurance that provides $5,000 of coverage?

Yes, these are smaller life insurance policies available, and they are usually offered to help provide funds for final expenses, including the cost of a funeral and a burial.

These life insurance plans are permanent life insurance policies that build cash value and provide a death benefit.

Usually, smaller life insurance plans are offered to seniors between the ages of 45 to 85 with guaranteed acceptance, which means you can't be turned down due to any health problems.

Here's how to buy a $5,000 whole life insurance policy.