About Final Expense Life Insurance
What is Final Expense Life Insurance ?
Final expense insurance is nothing but such kind of insurance which bears all expenses of your burial, funeral and other end of life expenses. It also sometimes helps to pay the hospital fees or to pay the debt you left behind to your family after your death. It may also name as burial insurance, funeral insurance or senior life insurance. The insurance benefit may vary from a few thousand dollars to ten thousand dollar.
Difference Between Final Expense Insurance and Life Insurance
Traditional life insurance is for them who are capable to earn and cash them when sudden accident occurs. The main difference between the life insurance and funeral insurance is the coverage amount. The coverage amount for life insurance ranges from $ 250,000 to $ 1, 000, 000 and more. On the other hand coverage amount for funeral insurance ranges from $ 5,000 to $ 50, 000. It varies company to company.
Who are Capable to Buy Final Expense Insurance? This is a common question that is asked by many people. Those seniors who are not capable to work for income and have a chronic condition can not buy the traditional life insurance. They have to buy the final expense insurance for their end of life expenses. Besides, those who have not any relatives or don’t want to be burden to the relatives can buy this insurance.
Benefits of final expense insurance
There are several benefits of burial insurance. They are shortly pointed below.
· Helps to pay the debts you left behind to your relatives after your death.
· Don’t need to be burden to your relatives.
· Easy to have this service. There are no complexities and no need of medical checkup.
· The expenses for funeral are rising day by day. If you buy final expense insurance then you don’t need to think about the rising expenses.
· The insurance is totally tax free and there is no decrement of your money.
Get Started On Your Plan Today
All you have to do fill out the form on this site and a professional consultant will contact you and go over some basic questions to help you tailor a plan to fit your needs. Don’t Wait! Time For This Offer May Be Limited and every day you get older the price could rise.