Why Buy Final Expense Insurance for Your Parents or Yourself?
For some of us the finances of death are a great concern when we think about those who will be left with the burden of covering the expenses associated with a loved one’s death. Death is one of the few certainties in life, but how you pay for your funeral doesn’t have to be. Senior final expense insurance can a good way to prepare for the typically large expense of funerals and the associated cost. The average funerals can cost several thousands of dollars in the United States and this expense can be a burden for many middle class families. Besides the actual funeral, other expenses tend to crop up right after a loved one passes away. Below are some examples of the typical expenses families need to address after a loved one dies.
Who Can Qualify for Final Expense Policies?
Final Expense insurance is life insurance that are more affordable and easier to obtain than traditional forms of insurance policies. Additionally, final expense insurance will cover those who are beyond the typical age limits of a traditional life insurance policy and at a much lower cost than life insurance as well. Seniors up to age 85 (and some policies up to 90) are eligible to apply for a final expense policy and qualify easily if they have no serious medical issues.
Benefits of Final Expense Insurance
These policies are a great option for those who don’t want to pay huge insurance premiums and who do not want to undergo the medical exams for fully underwritten life insurance policies. But mainly those who don’t want to leave financial burden with their families when they pass. Some of the benefits of a final expense policy include:
A Final Expense insurance policy assures you coverage for the rest of your life. The policy also gives those you leave behind the freedom and flexibility to pay the remaining expenses and debts that may be outstanding. Final Expense policies allow you to choose the coverage amount appropriate for your circumstances and tailor the policy to your personal needs.
Because the cost of a funeral can range widely and unexpected costs can quickly add up, purchasing a final expense policy is a good pre-emptive decision. Don’t make your loved ones worry about costs when the only the only thing they should worry about is honoring you in the best way possible.
Enter your information in our form for a free quote now.