How to Choose the Right Final Expense Life Insurance Plan from Home
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When I found out that the average funeral costs $9,0001, I committed to ensuring my family has help paying for them. That’s why I started researching final expense insurance — and quickly learned that there are many options to choose from. Now, I’m sharing what I’ve learned so that other people (including you) have an easier time figuring out how to help their families afford a burial.
For starters, I’m using the term “final expense insurance,” but you might also see the phrase “burial insurance.” Both can be used to describe the same product.
It’s worth noting that final expense life insurance is a type of guaranteed acceptance life insurance, which only older folks like me can get. This type of life insurance also requires no medical underwriting, physical exams, or health questionnaires, which helps for someone like me with poor health. Since these life insurance plans are easy to apply for, you could be approved over the phone. Policies are available with a cash benefit of up to $25,000.
Often, final expense life insurance plans are affordable. For a reasonable monthly premium, I have peace of mind knowing my loved ones will have help when they need it the most.
Despite its name, final expense life insurance can be used to cover more than final expenses. Those other costs could include remaining medical bills, which concern me since I could realistically experience prolonged health battles before I die. Your beneficiaries may use the death benefit however they wish.
With all I’ve learned, I now thoroughly understand the importance of having a final expense policy. It’s most closely associated with covering funeral costs, but it can used in a variety of ways. I educated my family on this all, and together, we researched final expense policies online. We then spoke with a licensed insurance agent who helped us enroll. And you too can make a similarly smart, considered choice for your family.
Whenever you’re ready, you can apply for – and learn all about – final expense life insurance. Doing so was straightforward despite my initial concerns, and with the information I’ve given you, I hope you’ll feel the same. Click here to find the right plan for you and your family.
This is an advertisement — not written by an actual customer. It serves as an invitation for you, the customer, to inquire about further information regarding life insurance. Guaranteed acceptance whole life insurance policies are available to individuals within a certain age range. You will receive only the benefit amount in the policy issued. Plans may have a graded death benefit for an initial period of time. In order for the policy to remain in effect, premiums must be paid as they become due. Plan availability varies by region and state.
1 Parting.com. Funeral Costs: How Much Does an Average Funeral Cost? (Sept. 14, 2018). Retrieved from www.parting.com/blog/funeral-costs-how-much-does-an-average-funeral-cost.