People who cannot qualify for traditional life insurance still need some form of life coverage. That’s why final expense insurance exists. These plans offer reasonable benefits at an affordable cost, while also eliminating the need for health exams that eliminate many applicants from traditional life insurance options.
Knowing this, you are probably wondering whether final expense is necessary. The answer is usually yes, and here’s why.
Final Expense Offers Peace Of Mind
While you may be unable to enroll in a traditional life insurance policy, that doesn’t mean you shouldn’t be privy to the peace of mind that is offered by life coverage. With a final expense insurance plan there are less eligibility requirements, meaning you can qualify even if you have adverse health conditions. Purchasing a plan protects your family from unexpected financial burden that may arise when you die. This safety net ensures that your family won’t need to deal with monetary problems as they confront the grief associated with your death.
Who Needs Final Expense Insurance?
Final expense insurance is vital for people who have no other means of paying for their end-of-life expenses. Funerals, burials, cremations, and hospital bills can all add up to create a headache for your loved ones when you die. If you don’t have savings or other assets available to pay for these costs, they will be left to pay for it on their own.
Don’t let this happen. Instead, make an investment in a final expense insurance policy today. In doing so, you can ensure that your death doesn’t have a heavy impact on your family’s finances.
Final Expense Costs
If you don’t think you can afford final expense insurance, think again. These plans are generally inexpensive and offer significant coverage for seniors and younger individuals. On average, a final expense plan costs somewhere between $30 and $70. In some cases, plans may be cheaper or more expensive depending on relevant factors like age, health condition, sex, and more.
If you want to find the best rates on final expense coverage, the best thing to do is work with a final expense agent. They will help you navigate the marketplace and collect quotes on qualifying coverage in your area. A final expense agent can also help you identify how much your final expenses may cost, allowing you to choose a coverage amount that fits your specific needs.
Start Shopping For Final Expense
You can start shopping for final expense insurance today. If you need help from a final expense agent, trust Memorial Insurance Group to take care of you. Reach out to us today to get started with a free quote on plans in your area. To get in touch with us, use the contact form located on this page.