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 and remaining hospital bills of the departed, which saves family members from the stress of a large unexpected expense.
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 medical condition. Most applicants for final expense plans are qualified after answering a health questionnaire and policies are approved quickly. Final Expense policy amounts start as low as $2,000, and premiums can be tailored to your budget. A life policy is purchased for higher dollar amounts, often beginning at $25,000 or more which make the premiums higher.
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.
- It is a more affordable alternative to regular life insurance.
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.