Final Expense in the Badger State
As you grow older, your eventual death may become more of a concern. Even if your children are all grown, your passing could be a significant financial burden on them if you do not prepare adequately. Consider this; the average funeral and burial cost upwards of $10,000.
If you do not have that money in the bank, your loved ones will be the ones who foot the bill. This could be a problem, especially if they have young children or other expensive responsibilities. To avoid placing this burden on your family, get final expense insurance for a safety net.
Here’s what Wisconsin residents can get from final expense insurance.
Is Final Expense Available in Wisconsin?
Final expense insurance is available in every state. These plans are simply a form of permanent life insurance that offers smaller death benefits than other types of life coverage. While the benefits may be lesser, the plans still provide great value. Better yet, you can qualify for final expense much more easily than traditional life insurance policies.
Final expense plans do not require a medical exam, so prior health conditions may not be an issue. Instead of an exam, you only need to answer a set of health questions. In addition, final expense is also available as a guaranteed issue policy, which means you will not be denied for certain plans under any circumstances.
What to Use Final Expense Insurance For?
When your final expense insurance pays out death benefits, you will have left this earth. Still, you can ask the beneficiaries to use the death benefit payment to pay for your end-of-life expenses. Some final expenses include unpaid medical bills, funeral costs, burials or cremation, and more. To get help determining what your final expenses may look like, talk with our insurance agents today.
Final Expense Requirements
There are some restrictions on who can purchase final expense insurance. For example, many insurers have age limits between 40 and 85 years old. The expected lifespan in Wisconsin is 78.56, so most people die before they exit this range. While in this age group, you will likely qualify for guaranteed issue coverage.
Get Covered in Wisconsin
In Wisconsin, thousands of people have already taken advantage of state-regulated final expense plans to help their families. And now it’s time for you to do the same. It just makes sense, financially. So pick up the phone and call the number on your screen!
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