Final Expense Information
What is final expense insurance?
Losing a loved one can be an overwhelming experience with decisions to be made regarding funeral plans. Final expense insurance covers the funeral costs of the departed, which saves family members from the stress of a large expense. Many times the problem for end of life planning is not knowing what options to settle on. What if there are life changes in the future that impacts the decisions you made? That is where final expense can help. It provides the benefits you need for end of life regardless if you are ready to make permanent decisions. Many times you can also purchase plans that provide more life benefit, then the cost, enabling you to get more services for your money.
Final expense insurance vs. life insurance
Similar to final expense insurance, life insurance also pays the beneficiary upon the death of the insured. However, there are significant differences between these policies.
Life insurance often requires a medical exam and can be denied if an applicant has a preexisting chronic condition. There is no medical exam required for final expense insurance. Most applicants are qualified after answering a health questionnaire. Even if there are certain health issues, many could still receive benefits for final expense.
What are the benefits of final expense insurance?
Final expense insurance can help your family when they need it most. Here are a few benefits to purchasing a final expense policy:
- It is designed to pay out immediately.
- Rates never increase, and benefits never decrease.
- Most people can easily qualify.
- We can also combine it with a Legacy Safeguard, providing more benefit for end of life situations.
If you are not sure whether final expense insurance is for you, we can answer your questions. Call us today, and we can help you protect your family’s future.