Facts About Final Expense Life Insurance

What is Final Expense Insurance??

Final Expense Insurance is a form of life insurance.  It is mainly used to cover ones final expenses (like burial costs) after passing away.  You can get plans from $2,500 to $50,000 in coverage.  It can be used for just about anything.  Burial costs, bill payments, mortgage, other insurances, or whatever else you may have a need for.  Unlike standard Life Insurance, Final Expense Insurance is designed to pay immediately.  Standard Life Insurance can take months before the beneficiary gets the payout.  In fact, Final Expense insurance can take care of paying the burial costs for you and send you a check if anything is left over.  This can be a very large benefit, when our loved ones are grieving for us. 

What are your options??

When thinking and planning for our passing from this life, we have basically 3 choices

  1. Do nothing. Let time pass and someone else will take care of it.
  2. Have some form of Life Insurance
  3. Get a pre-arranged burial plan from a funeral home

Option 1 is not an option in my mind.  This is not about you!  It is about the ones we leave behind…

Otions 2 and 3 are much better choices.  But, which one is the best.  If you decide on Option 3 and go down to your local funeral home, you can purchase your entire funeral and burial in advance.  This can be costly.  A funeral can easily exceed $10,000.  If you don’t have that kind of money to buy one up front, the home will generally allow you to make payments for a year or two on this.  If you were to unfortunately pass away shortly after purchasing this plan, your loved ones would still be liable to pay off the remaining bill. 

Option 2 is ultimatley the best pick.  You can still have the funeral and burial don ethe way you want it at the funeral home of your choice.  The cost will be the same but with Final Expense Life Insurance you will just make small regular payments while you are alive.  This could save you thousands of $$ in the event of an untimely death.

How do I get Final Expense Insurance??

Fill out a simple application, answer a few health questions, and that’s it.  You do not have to go through any medical examinations to get this insurance.  The payments are low and affordable.

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