Our business provides for end of life obligations
Don’t let your loved ones carry the burden
Final Expense Insurance
This type of Insurance will pay for a funeral or any other end of life related costs — loans, credit card debt, estate costs, doctor bills, and the funeral. Unfortunately, people leave unpaid bills when they die, and if these expenses are not paid, they can cause bill collectors to burden the deceased family members. Final expense coverage, insurance that pays off these debts, ensures that available funds will pay off all debts at the time of need.
When a person purchases final expense insurance, they want to ensure that their their funeral and arrangements are paid for. This insurance becomes a great gift to the immediate family, as the surviving spouse and children are often left with the burden of the funeral costs. In other words, an insured will know that all bills relating to the funeral, burial or cremation never become the immediate family’s responsibility.
Final Expense Coverage
Final expense insurance is a type of permanent life insurance policy, but it’s set apart because it has a specific purpose to pay bills at the death of the policyholder.
There are other kinds of life insurance, such as whole life insurance, but these policies normally have higher death benefits. In most instances, a typical life insurance policy costs about $100,000 or more. Whole Life Insurance is used to leave an inheritance, to pay bills, or to replace a spouse’s lost income.
However, with Final Expense Insurance, the insurance payout benefit is designed to match the anticipated end-of-life costs. Typically, we’re talking about the funeral and burial. Therefore, the death benefit chosen for an insurance policy should align with the cost of the planned funeral and burial.
Final Expense Insurance Cost
Final expense coverage is very affordable because it is for a small amount to cover a funeral, burial or cremation. The rates of Final Expense Coverage will differ based upon the following:
- Your health
- Tobacco use
And even if someone has a serious health condition, they still can get Final Expense Insurance.
You can obtain a free cost estimate of this insurance by giving us a call or by completing the form below and submitting it. Our team of highly skilled specialists will work with you to develop a plan that fits your budget and income needs.