Why do I need final expense insurance?
With the cost of funerals climbing steadily, final expense insurance can help cover costs incurred during the end of life, such as medical bills and other expenses. With the average cost of a funeral totaling over $7,000 in 2012, many people cannot afford a proper burial. Final expense insurance helps alleviate the high cost of passing.
What does final expense insurance mean?
Exactly what the name suggests. Final expense insurance is presented as a product that provides a benefit intended to ensure that costs associated with the death of the insured have some level of financial coverage.
What does final expense insurance cover?
Final expense insurance is often used to help protect loved ones from financial responsibility for the insured person’s end-of-life medical expenses, as well as the costs of funeral services, which are continuing to increase. Final expense insurance gives people peace of mind because they know their spouses and other family members will not be saddled with unexpected expenses during an already difficult time.
Do I need final expense insurance?
The most important benefit of funeral insurance is financial security for your family. The average cost of a traditional funeral is over $8,343, not including cemetery costs. A traditional funeral can easily cost $10,000 or more when you add in cemetery charges. Covering funeral costs is a heavy financial burden for most people, especially if it comes unexpectedly and at a stressful time. Having a final expense insurance policy in place protects your family against this financial hardship and avoids the added stress of paying your final expenses while dealing with their loss.
Can I get burial insurance if I am sick or have health issues?
Final expense insurance policies are built to help those with non-terminal illnesses get coverage. Because of this, it is much easier to get a burial insurance policy than it is to get life insurance.
How do I get a free, no obligation final expense insurance quote?
To get a free, no obligation final expense insurance quote, all you have to do is fill out our form.