Final Expense in
There are definite costs involved with dying. If someone dies, they need to be buried or cremated. Family members may also wish to pay their respects at a funeral or other event, such as a wake.
To afford these expenses, your family will either need funds set aside for your death or you will need to provide them with the money through your own assets. If neither is possible, work with an insurance agent to find a final expense insurance policy that will allow them to get the income needed to provide you with a respectable burial and funeral.
These plans come in a variety of benefits ranges, so find out what you can get from the plans before purchasing one.
What is Final Expense Insurance?
Final expense insurance provides a policyholder with the ability to insure a specific person. This person may be themselves or a loved one, such as a spouse. Though, not everyone is eligible to insure a family member.
Through final expense plans, the insured person receives insurance coverage that backs their life. While they will not directly benefit from such insurance, the beneficiaries chosen by the policyholder will receive a death benefit payment when the insured person dies. This money can be used for anything, but often the policyholder instructs the beneficiary to use the funds to pay for their final expenses.
If you are curious about final expense insurance, it may be worthwhile to reach out to a final expense agent from Senior Life Services. Doing so will give you insight into your options.
Cost of Final Expense
Final expense insurance is relatively inexpensive compared to other forms of insurance. If you are interested in a final expense plan, expect to pay between $30 and $80 per month in insurance premiums. If you are joining a guaranteed issue final expense plans, costs may be greater.
Work with an insurance agent to find a plan that suits your budget and needs. You can get in touch with one today by calling 800-548-3249!
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