Final Expense in The Constitution State
How you choose to spend your final days is up to you, but most people prefer spending the golden years of their lives not worrying about finances. If you do not have significant assets saved up, you may spend significant time thinking about what your family will do when you pass away. Unfortunately, many people do not prepare and their final expenses end up becoming a burden on their families.
You can avoid this scenario by preparing with a final expense insurance plan.
What Is Final Expense Insurance?
A final expense plan is a life insurance policy that offers a death benefit to the policyholder’s beneficiaries. This death benefit is a sum of money that is paid out when the person insured under the plan dies. The insured person can be you, a family member, friend, or anyone who you wish to insure.
With final expense insurance, you can expect to get a similar product as permanent life insurance. The only difference between final expense and a traditional life insurance plan is that final expense insurance does not require a medical exam. This means that the plans are only able to offer small death benefits to plan participants. Though, that should not stop you from applying, especially if you were unable to qualify for other forms of life insurance.
Smaller Death Benefits in Connecticut
If you are shopping for final expense, you must be concerned about how much money your family will get when you pass away. It is important to ask because this will determine whether your passing has a financial impact on them. Hopefully you can qualify for a final expense plan that offers enough money to relieve them of any debts or expenses associated with your passing.
As for what to expect, most final expense plans come with death benefits ranging between $5,000 and $50,000. How much coverage you get will dictate the cost of your policy. Usually, plan premiums are about $40 to $80 per month, though these prices can be lower or higher depending on age, gender, and other factors. Your answers to the health questions asked during the application process will also significantly impact the cost of coverage.
Get the Coverage You Need
The coverage you need is only a call away. To get started with a free quote on final expense insurance in Connecticut, call 800-548-3249.
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