Final expense insurance can be incredibly important as you get older. Through a final expense plan, you can prepare your family for your end-of-life expenses, allowing them to maintain peace of mind in your final days. If you are shopping for a final expense plan, you have probably been in contact with a few final expense insurance agents.
These agents are equipped to help you find an appropriate plan, but what exactly do they do? To find out, continue reading.
What Is Final Expense Insurance?
Final expense insurance is a form of life insurance. These plans are easier to qualify for than traditional life insurance, but this comes at the cost of less death benefits. Still, the tradeoff is worthwhile for people who otherwise could not qualify for any form of life insurance.
What Is a Final Expense Agent?
A final expense agent does the job of selling life insurance products to people who need them. They may specialize in final expense, but this usually is not the only product they sell. Though, the final expense products are an essential part of their business.
The packages final expense agents sell tend to offer death benefits ranging from $5,000 to $25,000, although some plans offer higher amounts for people in relatively good health condition.
Final expense agents pursue leads, contact clients, and calculate the typical expenses someone may incur at the end of their life. Usually, the calculation is done based on the region the applicant lives in, as prices fluctuate depending on where you are located.
Do You Need a Final Expense Agent?
It is possible to purchase final expense insurance on your own, but acquiring assistance from an agent makes the process far easier. They can help you compare quotes and consider all of your options thoroughly. With a final expense agent at your side, it is easier to identify how much coverage you need and the best place to get it from. We recommend using a final expense agent for any final expense insurance purchases because without one, you may end up with a plan that leaves a significant financial burden for your family after you die.
Reach Out To a Final Expense Agent
If you are concerned about how your family will manage to pay your end-of-life expenses, now is the time to reach out to a final expense agent. The talented professionals at Memorial Insurance Group are ready to take your call. To get in touch with us, please fill out the contact form located on this page.