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Final Expense/Burial Insurance
Did you know the Median National Average cost of a funeral is around $7,000? But, did you also know there is Insurance that can cover the cost and then some at affordable rates? Final Expense, also known as Burial Insurance, provides your loved ones peace of mind by covering funeral, burial, and even medical costs, that you may leave behind.
Final Expense planning is not the most comfortable item to discuss or even think about, but it is essential especially for your loved ones. So what exactly is Final Expense Insurance? Final expense insurance is Whole Life insurance designed to cover medical bills and funeral expenses when you pass. This type of insurance is best for seniors because it’s affordable, usually offers a no-medical exam qualification, and can help plan certain aspects of the final arrangements such as choosing a funeral home, flowers, music, etc.
Below are some standard features of Final Expense Insurance:
Affordable rates
Easy application process
Whole life insurance – no expiration if premiums are paid
Fixed premiums as long as they’re paid
Cash value – insured may be able to take out a policy loan
Fast approvals – coverage can often be issued the same day
Coverage amounts are typically much smaller than traditional policies, and on average, people insure themselves for $2,500 – $50,000, making the premiums for a final expense policy more affordable than larger policies.
Are you and your loved ones covered? Is Final Expense Insurance right for you? To find out, please send an email to info@myseniorsolutionsllc.com or call 812-361-6002 for more information.
At Senior Solutions, we understand how confusing #Medicare and #Retirement can be, but it does not have to be. Our Agents are continuously educated with the most relevant and up-to-date information. We’re also contracted with every major Carrier and licensed with both health and life insurance. We hope to become the trusted Advisor you so deserve through your retirement.
We know you have questions. We have answers. #MedicareAnswers