What is Final Expense Life Insurance/Burial Insurance?
Final Expense Life Insurance it is meant to cover the expenses incurred for a funeral and burial, which can cost thousands of dollars. It is a smaller whole life insurance policy that has been designed for this reason, and also designed as an affordable way to plan for funerals and other end-of-life expenses – it may also be utilized to help pay the balance of any hospital bills or additional debts that you may leave behind to your family.
The death benefit can vary, usually from a few thousand dollars to tens of thousands of dollars. It is hard to find exact costs for today’s funerals, but estimates run from $8,000 – $10,000. Often times, other expenses tend to arise after a loved one passes away. Sometimes you may also see this product called some other names like burial policies, funeral insurance, or senior life insurance. These different titles all refer to the same product.
Why Would I want it?
Because having a final expense insurance policy means you are covered for your entire lifetime. It also provides the ability to pay any remaining expenses or outstanding debts upon passing. Those who take advantage of this type of insurance don’t want loved ones to experience anymore emotional stress by placing more financial burden onto loved ones to fund your funeral fees or to pay off any outstanding debt. If you decide to have final expense insurance, they can feel good knowing your final days will be focused on celebrating your life than the financial worries that often times come with ones passing.
Many companies that offer final expense insurance products do not require formal medical examinations, so most will qualify with little to no problems. The application process with these companies is very simple. There is usually no physical exam and no blood work required. Typically, only the answers to very simple health history questions are needed, and this generally takes no more than 10 minutes. It is a very easy process. Also, premiums are guaranteed so the investment is low risk and predictable. Additional rider protections are available for added security.
Fast, Easy, and Affordable Life Insurance
Life insurance is a way to protect your loved ones financially after you die and your income stops. The answer to whether you need life insurance depends on your personal and financial circumstances. If you need life insurance, don’t delay!
Why wait? Are you confused? Do you have poor health? Afraid of paying high premiums or wasting money unnecessarily? Had too many interactions with dishonest sales agents and their slick sales pitch? Want to be sure you have done your research and compared all the companies?
Let our team of advisers with over 25 years of combined experience, and the ability to work with ALL Top Rated Insurance Carriers–work for you. You can feel confident you are working with someone who relates and will analyze your needs, and most importantly who is focused on providing you the most cost effective rates from the top rated companies. We will work with you to provide more than just a quote but an analysis that you can feel confident knowing you’ve secured the Right plan for you and your family.
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