What is final expense life insurance?
Also referred to as burial insurance, final expense insurance helps covers end-of-life expenses. These expenses typcially include funeral costs and outstanding medical or legal expenses that may need to be settled by your beneficiary. This type of life insurance is designed to help ensure that your loved ones aren’t left with a financial burden upon your death. Keep in mind, the average funeral can be $10,000 or more.
Compare life insurance quotes
Just like home and car insurance, you need to shop and compare rates for life insurance. As you compare life policies, it’s important to compare the plans of competing insurance carriers, as well as their differences. You can start an online life insurance quote with us today and easily compare the premium, coverage amount, benefits of policies offered by multiple excellent insurance companies.
WHY BUY FINAL EXPENSE LIFE INSURANCE?
Final expense insurance if a practical choice and one of the most affordable types of life insurance. Plus, the approval process is quick and easy, with approvals often provided same day. So, if you want to help relieve your beneficiary of your end-of-life expenses, this is the right solution.
What are the benefits of final expense life insurance?
No medical exams
Some forms of life insurance will require a medical exam, but not a burial insurance policy. Unless you suffer from a serious pre-existing medical condition, you may be able to get coverage – even same day.
Low Premium Costs
If you are considering final expense life insurance, it would not be unexpected to see rates begin as low as $20 per month for common coverage amounts ranging from $5,000 to $35,000.
Payment Flexibility
You can often select your payment plan. Payments can be made a frequently as monthly, or you can pay the apremium in-full each year.
Fast Approval Process
The application process is simple, and coverage can be issued in days. In fact, it is not unheard of that you recieve approval on the same day you apply. Coverage starts immediately upon approval.
What does a term life policy cover?
Burial insurance policies are designed to help cover the expenses assiciated with the end-of-life. Death comes with a steep expense, and there are a number of expenses that can be a burden to your loved ones. Final expense coverage is important to help with these expenses, like:
- Funeral expenses, including embalming, casket, flowers, and mortuary services
- Burial costs or cremation, burial plot, headstone, and interment
- Outstanding medical, legal, or credit card bills
Learn more about life insurance
Life Insurance 101 is your go-to resource for any additional questions about life insurance.
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