Final Expense in The Land of 10,000 Lakes
Take charge of your future by planning for the logistics of your final days. When you purchase final expense insurance, you can gain a sense of control over the financial stress you leave behind for your family.
Final expense policies give you coverage to pay for the costs of your funeral and burial or cremation. In Minnesota, the average cost for a funeral and burial is $8,634 and the average cost for a full service cremation is $7,459. Thousands of people in the state use final expense to help their loved ones pay for these costs when the time comes.
What Is Final Expense Insurance?
Final expense is a permanent life insurance policy, with coverage that lasts for your whole life. As long as you pay your premiums, your beneficiaries are guaranteed to receive the death benefit. The death benefits of final expense policies are relatively small for life insurance, but can provide between $2,000 and $50,000 in coverage to help pay for your funeral and burial costs. Your beneficiaries are trusted loved ones of your choice who receive the payment.
Why Get Final Expense in Minnesota?
Funeral homes need advance payments for goods and services from third party vendors, and these expenses can create an immediate financial strain on your family and loved ones if you don’t have money saved to prepare for it. People who do not have significant savings or a whole life insurance policy would do well with final expense to protect their families.
It’s simple to apply for a final expense policy, and even serious health conditions don’t prevent you from purchasing the coverage you need. Final expense policies do not require you to have a medical exam, and you only need to fill out a health questionnaire. People who would report two or more serious health conditions can purchase a guaranteed issue policy. This type of final expense asks no medical questions and accepts all applicants, although premiums are slightly higher.
How to Buy Final Expense in Minnesota
The costs for funerals, cremation and burial add up quickly and at a sensitive time. You can reduce or remove that burden from your loved ones by purchasing a final expense life insurance policy to pay for those costs. Senior Life Services agents have helped thousands of people find their match of coverage. You can give us a call today at 800-548-3249 to get a free quote.
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