Final Expense in The Peach State
Final expense insurance is like traditional life insurance, except there is no medical exam required. This makes it easier to qualify after applying compared to other life insurance options. If you have struggled to get the life insurance you need to protect your loved ones, final expense may be perfect for you.
To learn what to expect from this form of coverage, read on.
What Is Final Expense Insurance?
If you have never heard of final expense insurance, it’s time to get educated. These plans are much like whole life insurance, except you do not need to submit to a health exam to qualify for them. This makes it much easier to get covered.
Rather than going through a medical exam, you only need to answer some health questions. Your answers will provide the insurer with insight into the amount of risk associated with covering you. While some plans may reject people with excessive health problems, this is not a problem. Guaranteed issue final expense will still be an option for people who are rejected from other plans.
What Is a Death Benefit?
The death benefit is the money that is paid out when a life insurance policy activates. This happens when the insured person passes away. Death benefits for final expense insurance plans vary depending on the plan that the policyholder purchases, but they generally fall into the range of $5,000 to $50,000.
Estimated Final Expense Costs in Georgia
In Georgia, end-of-life expenses often range up to $19,300. This includes medical costs, funerals, and burial or cremation. The funeral alone can be about $7,000, so it helps to be prepared with final expense insurance. The cost of coverage is quite low compared to what it will take to pay out-of-pocket for your final expenses. Just $40 to $80 a month can get you coverage that protects your family from additional financial burdens related to your death.
Let Us Help!
If you are interested in purchasing a final expense insurance plan, get in touch with Senior Life Services. We specialize in life insurance products, so you can trust us to help you find a plan that fits your specific needs. All it takes is one call to get started.
To get a free quote today, call us at 800-548-3249.
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