Final Expense Insurance is a type of life insurance and a smart option to protect your family. Here is some information that will prepare you to discuss your needs and options with a licensed final expense insurance agent.
What is Final Expense Insurance?
Final Expense Insurance is a type of insurance that helps cover any end-of-life expenses and bills you may leave behind in the event of your death.
Why do I need Final Expense Insurance?
Unfortunately, dying can be expensive. There may be medical bills, funeral expenses, and other bills you leave behind that may accumulate in the event of your passing. Funeral costs alone often reach up to $10,000 or more. The cemetery plot, headstone, and any other bills are extra. Your family may have the added stress of paying these bills out of their own pocket if you don’t have a final expense insurance policy.
Is Final Expense Insurance the same as Life Insurance?
Final expense is a type of life insurance. Traditional life insurance is meant to provide security for loved ones you leave behind so that they may continue living the lifestyle you have achieved. Final Expense Insurance is specifically designed to ensure your family doesn’t have the added burden of the bills associated with your death in an already challenging time for them.
How much does Final Expense Insurance provide?
Final Expense Insurance policies typically provide benefits in the $5,000 to $50,000 range.
Final Expense Insurance is issued between 45 and 85 years of age. This varies from carrier to carrier and state to state so the best way to know conclusively is to speak with one of our partner licensed final expense insurance agents.
I already have Life Insurance. Do I still need Final Expense Insurance?
Each person’s life insurance needs and circumstances are different. The best way to determine if you need a final expense insurance policy is to speak to one of our partner licensed final expense insurance agents.
Is Final Expense Insurance Expensive?
Final Expense Insurance is an affordable option to provide peace of mind for your loved ones. With premiums as low as $10/mo if you are healthy and depending on your age, taking out a final expense policy is a prudent decision. Let us introduce you to a licensed agent who can discuss a final expense insurance policy that is right for you.
Can I Get Final Expense Insurance if I’m Older?
Final Expense Insurance can be issued to persons up to 85 years of age. Final Expense Insurance is one of the most sought after products by those nearing or at retirement age so they do not leave behind additional burdens on their families in the event of their passing.
Final Expense Insurance gets more expensive as I get older; why is it still a good idea?
Consider this: at age 65 in good health, a $10,000 final expense insurance policy may be as little as $45 per month. If you were to die at age 75 – you would have had to save approximately $85 per month to accumulate $10,000 to leave behind for your family to cover your final expenses, which is nearly double the $45 premium for the same insurance proceeds.
A licensed Final Expense Insurance agent can guide you. We partner with carriers and agents that specialize in Final Expense Insurance. Get started today by answering a few questions and we’ll match you with someone that can help.