Final Expense in Montana
You may be concerned about end-of-life costs. Un-planned-for expenses can seem more intimidating than they need to be. You can say goodbye to the worry about funeral costs when you purchase final expense insurance in Montana. These policies give your loved ones the money to pay for your expenses after you are gone.
What Is Final Expense Insurance?
Final expense insurance is a life insurance policy with a moderate benefit. This death benefit is between $2,000 and $50,000 and helps to pay for the costs of funerals and burial or cremation. The ideal applicants are age 50 to 85, and coverage lasts for a lifetime as long as you continue to pay your premiums.
The death benefit is the main coverage of final expense. You select a whole integer amount within the range of coverage you qualify for, and your beneficiaries will receive that money as a cash payment when you pass away. Instead of going directly to the funeral home, the money goes straight to your loved ones to use as they see fit. This is especially useful if you purchase a policy with more than enough coverage: the remainder can go to your family or be used to pay for other end-of-life expenses such as medical bills, debts and living expenses.
Choosing Final Expense in Montana
Once you find a policy that matches your coverage needs, you can apply with a few personal details and a health questionnaire. You don’t have to have a medical exam, and instead mark “yes” or “no” to indicate if you have dealt with or taken medication for serious medical conditions in the past two years. If you have a few serious medical conditions and may not qualify for the standard final expense policy, you can instead purchase a guaranteed issue final expense policy. For a slightly higher monthly premium, you will be accepted automatically and will not have to answer any health questions.
Average costs for a funeral and burial in Montana are $6,749 and for a full service cremation are $5,710. Costs can be expected to rise year over year. When you purchase $10,000 or more in final expense coverage, you can relieve the financial burden from your loved ones. At the same time, you give yourself peace of mind from lightening this burden in advance and preparing for the future.
Find Your Final Expense in Montana
Final expense insurance gives Montana seniors the coverage they need to prepare for their final days. Senior Life Services helps people find the plan they need to pay for end-of-life costs. Give us a call today at 800-548-3249 to get your free quote.
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