Final Expense in The Bluegrass State
Have you thought about your funeral? Or planned for its costs? If you haven’t, now might be the right time to plan for the logistics of your end-of-life needs. Final expense insurance can help you take care of these expenses and prepare your family and loved ones before the time comes.
What Is Final Expense Insurance?
Final expense is an affordable life insurance policy made to help seniors pay for the costs of their funerals and burial or cremation. For a low monthly premium, you can purchase up to $50,000 in coverage.
How does this differ from traditional life insurance? With final expense, you get coverage for life, but with monthly premiums that can be as low as $40. You don’t have to worry about outlasting your term life policy when you supplement with final expense. Applying for final expense insurance is even easy, with no medical exam required. You only need to answer a few health questions.
Benefits of Final Expense in Kentucky
Your coverage from final expense will range from $2,000 to $50,000, in an amount of your choosing. That amount is saved as a payment for your beneficiaries to use when you pass away to pay for the costs of your funeral services and other end-of-life expenses. Your trusted beneficiary or beneficiaries, who are usually close family members, will be able to use the money as they see fit, although you can document your wishes for your final arrangements. Importantly, your loved ones can use any remaining money however they like.
The average funeral and burial in Kentucky costs $7,347, with a full service cremation averaging around $6,087. If you haven’t prepared for these costs, they can become a strain for your loved ones. Preparing for the costs of your funeral removes the financial stresses from your loved ones and helps them to focus solely on remembering you.
Get a Final Expense Policy in Kentucky
Sometimes, you need to supplement your savings. When you can do that for as little as $40 per month, it’s time to listen. Final expense insurance may be what you need to help prepare for the costs of your funeral and take care of the financial stress for your loved ones. Our team at Senior Life Services specializes in burial insurance to bring your family peace of mind. Let our agents help you find the right final expense policy in Kentucky. Call us today at 800-548-3249 for a free quote!
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