Final Expense in North Dakota
One of the most unexpected, but inevitable things to happen in life is to die. Will your loved ones have the funds necessary to cover your end of life expenses if you were to die tomorrow? Your death could bear a significant financial burden on your family if you do not have savings or insurance.
Final expense insurance can be a viable solution to you if this concerns you. Final expense insurance guarantees a lump sum payment in the event of your death to your beneficiaries. This payment can help cover funeral expenses, burial costs, or even unpaid bills.
If you are a resident of North Dakota and interested in learning more about these plans, continue reading on.
What is Final Expense Insurance?
Final expense insurance is a whole life insurance policy that differs from traditional life insurance coverage as it is cheaper and more accessible. The benefits and premiums for these plans are smaller, however they provide enough benefit to cover one’s funeral and/or burial costs. There is no requirement for this payment to be used on these expenses, however, and are often used to cover whatever expenses the beneficiary chooses of them.
Final expense insurance is similar to traditional life insurance, but one main difference is that it does not require a medical examination. This expedites the approval process and can ensure your application is evaluated as soon as possible. Approvals can be done within a few days, if not the same day the application is submitted.
Final Expense Costs in North Dakota
The prices of final expense insurance vary depending on your age, gender and general health status. On the lowest side of the spectrum, a woman below the age of 50 can pay as low as $25 dollars a month for coverage, conversely a man over the age of 80 could pay up to $190 per month. Both of these premiums, however, are minute in comparison to the average price of a funeral in North Dakota of $7700.
Shop for Final Expense in North Dakota
Some difficulty may arise when attempting to choose the best final expense insurance plan. Thankfully, some of the most knowledgeable insurance agents are standing by awaiting your call at Senior Life Services. You can give us a call at 800-548-3249 for a free quote today.
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