The Cost of Funeral Insurance is increasing everyday, what seems affordable today might not be in upcoming years. Discover affordable plans to suit your needs.
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People usually focus on the cost of insurance only but what they don’t understand is that the low-cost final expense will not be able to cover all their expenses, leaving behind a huge debt for their loved ones.
According to the reports of the National Bureau of Economic research, government policies, like Medicare and Medicaid covers only about two-thirds of the expenses made by senior citizens of the US. Medical bills are already a huge burden on the shoulders of seniors, let alone the cost of funeral expenses.
According to the reports of the National Bureau of Economic research, government policies, like Medicare and Medicaid covers only about two-thirds of the expenses made by senior citizens of the US. Medical bills are already a huge burden on the shoulders of seniors, let alone the cost of funeral expenses.
The very first type of final expense for seniors is term insurance. Term insurance is also known as terminating insurance, as the name indicates it will be terminated after a certain age or time.
Permanent insurance is also called Whole Life Insurance. Premiums remain fixed for a lifetime. No medical reports are required to qualify for Permanent Insurance. You only need to answer a few questions on a phone call.
Pre-need final expense covers the exact cost of your funeral. A substantial amount is set for funeral like $20,000, and premiums are designed accordingly. Pre-need insurance is usually designed by funeral homes
If you need a large death benefit, then Guaranteed Universal Insurance is the best policy for you. The underwriting for this policy is a lot tighter, so you will have to be clear about your needs.
In most funeral expense insurance plans, the death benefits will not decrease. Plan your coverage with a licensed insurance agent to receive all these benefits
In most cases, the full coverage with death benefits is paid to the beneficiary within a few weeks or months. There is no long waiting period. Your beneficiary will be required to fulfil a few formalities
In addition to that, the cost of transportation and ceremony piles up to an unbearable amount. But with the final expense, you don’t have to worry about that. Now your loved ones will only take care of yourself and let the insurance company take care of all these expenses.
Unlike other insurances, funeral insurance comes with the most economical premiums and the best packages to cover all your afterlife expenses.
You will need a pile of documents and bills to qualify for life and traditional insurances, but in final expense, qualification is a piece of cake. You only need to answer a few medical questions to avail yourself of this insurance.
With final expense, you do not have to worry about your family’s security, it is now the responsibility of the insurance company. Leave good memories for your family or loved ones.
We, at Funeral Insurance Coverage, help you find a suitable final expense insurance plan, which serves a great deal for yourself and your loved ones. We have direct connections with the senior underwriters of the most trustworthy final expense companies.
We have been in the industry for the past 10 years and we have never cared about the numbers. We value the trust of our clients. We have had the toughest clients, with either limited budgets, or severe diseases, but our licensed insurance agent worked hard to find the best suitable coverage and also got it approved promptly.
With the advancement in technology, everything is only a click away. Choose the perfect plan for yourself or loved ones at your own pace and ease. Fill the form and our licensed insurance agent will contact you at your ease of time.
People whose only goal is to save enough till a certain time or age should not go for Final expense, but those who want a secure future for themselves and their loved ones should immediately get a funeral insurance.
It depends on your needs. Life insurance can be cashed anytime in your life, and can be used for anything, whereas funeral insurance covers the cost of funeral only. Final expense lets you pre-arrange your funeral.
Final expense ranges anywhere between $5000 to $50,000. The most common package is $20,000. The premiums ranges between as low as $1 to $50 a month, depending upon your health, age, and affordability.
Most funeral insurances are only for people over 50 years of age., but there are some companies which covers people under the age of 50. The qualification criteria for these insurances is pretty easy, as people under the age of 50 are usually quite healthy.