While most people don’t like to talk about end-of-life issues, it is important to plan for them. Expenses associated with death, such as caskets and embalming, can have a substantial financial impact on those you love. Final expense life insurance can help protect loved ones from having to pay these costs out of pocket.
In 2014, the average funeral exceeded $8,500. In most cases, a basic funeral service will include a memorial, death certificates for the deceased, and housing the remains. In addition to those costs, there are also charges involved for goods and services, such as transportation, preparation and embalming, use of the funeral home, a casket and headstone, a burial plot, gravesite, the burial service or alternatively, cremation. There may also be additional costs, such as flowers and the printing of memorial cards.
What to look for in a Final Expense Insurance Plan?
Not all final expense insurance plans are the same. Of course it’s important to compare costs. But also consider the following:
Will your premiums change over time?
Is there a waiting period during before the insurance is in force like there is with guaranteed issue life insurance?
How difficult will it be to qualify for this insurance?
Help YOUR FAMILY deal with DEATH EXPENSES.
Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. There are also many expenses associated with death that can, on average, exceed $8,500.
Without a final expense life insurance policy, most families have a hard time coming up with these funds quickly. Final expense life insurance can save families from having to withdraw from their savings or sell precious assets to come up with the necessary funds required to bury a loved one.
Features of a Final Expense Insurance Policy
No medical exam required
$2,500 – $100,000 in coverage
Typically issued either immediately, or within 48 hours
Premiums will never increase
Beneficiaries can use proceeds for any purpose
How we can help you:
Price – We are an independent insurance agency and deal with all of the top final expense insurance companies.
Experience – We have a dedicated department that has specialized in issuing final expense polices for over 33 years.
Knowledge – We can answer any questions you may have and deal with the insurance companies on your behalf.
Speed – Policies are issued immediately or within 48 hours (depending on the insurance provider).