Final Expense in The Hoosier State
The time to worry about the costs after death is not when your days are done. Thousands of Hoosiers prepare for the expense of funerals and burials in advance with final expense insurance. You can find an affordable life insurance plan to cover these costs with the help of our trusted agents at Senior Life Services.
What Is Final Expense Insurance?
Final expense is a life insurance policy with a relatively small amount of coverage, specially sized to help pay for the costs of funerals and burial or cremation. When you purchase a final expense policy, you select a death benefit between $2,000 and $50,000, which will be given to your beneficiary or beneficiaries after you pass away. The money comes with no restrictions, so they are free to use any remaining funds to help pay for medical bills, debts, living expenses and more.
Why Get Final Expense Insurance?
A funeral and burial cost an average of $7,685 in Indiana, and cremation with a funeral costs an average of $6,373. Costs start at the basic services fee and casket, but the rest of the goods and services add up quickly. The death benefit from your final expense policy is designed to arrive exactly when your loved ones need it, without the wait for distributing your estate.
Final expense is easy to qualify for, with no medical exam and only a few health questions. If you find yourself saying “yes” to two or more of those questions, you can go with a guaranteed issue final expense policy instead. These policies have higher premiums but accept all applicants. A typical life insurance policy, such as whole life or term life, is often prohibitively expensive for seniors and those with health problems. With final expense, you get the coverage you need without the hoops to jump through.
Final Expense in Indiana
Putting money aside for your final arrangements may not have been on your to-do list. Hopefully, the benefits of an affordable life insurance policy have given you something to consider.
If you are in the market for burial insurance in Indiana, don’t hesitate to give us a call. Our agents at Senior Life Services specialize in connecting people with final expense plans to give their families peace of mind. You can reach our team at 800-548-3249 to get a free quote on coverage.
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