Final Expense Insurance

PROS

• Relatively easy to qualify for
• Reasonable monthly premiums
• Builds cash value
• Can help cover major expenses that occur later in life

CONS

  • Relatively limited coverage amounts
  • Premiums paid can sometimes exceed total benefits
  • Low coverage than other type of policies available

MDRT MDRT

PROS

• Relatively easy to qualify for
• Reasonable monthly premiums
• Builds cash value
• Can help cover major expenses that occur later in life

CONS

  • Relatively limited coverage amounts
  • Premiums paid can sometimes exceed total benefits
  • You may be able to get better coverage elsewhere
MDRT

What is Final Expense Life Insurance?

A specific type of permanent life insurance that can be used to cover late in life expenses:

• Funeral costs
• Burial costs, cremation costs
• Certain late in life medical expenses

Who Should Consider Final Expense Insurance?final expense insurance

If you are older and are only in need of a small amount of coverage, purchasing final expense insurance may be in your best interest. Final expense life insurance can cover late in life expenses and relieve your loved ones of a major burden.

Why Should I Consider Purchasing Final Expense Insurance?

There are a variety of different benefits that can come with final expense insurance. One of the most obvious benefits is that, when compared to more traditional life insurance policies, final expense insurance policies are relatively easy to qualify for. Even if you are elderly or have certain medical conditions, you still have a strong possibility of qualifying. Another reason many people apply for this insurance coverage is that they do not want to pass any of the financial burdens associated with their deaths onto their families. Individuals who do not have much money towards the end of the life (something that is rather common) might be much better off paying a low monthly premium than expecting their families to cover these costs.

Is Final Expense Insurance Right For Me?

The amount of coverage that usually comes with a final expense life insurance policy is relatively low. However, the coverage is still often enough to cover a normal amount of late in life expenses. If you are unable to qualify for a traditional life insurance policy and if you hope to relieve your family from having to pay your final expenses, then this type of life insurance coverage may be in your best interest.

How Do I Get Final Expense Insurance?

If you are interested in applying for final expense insurance, LifeQuote may be able to help.

  • Reliable, knowledgeable, trustworthy staff
  • Compares multiple different companies so you know you are getting the best deal
  • Will give you objective advice that comes from an experienced perspective
  • Makes it easy to compare multiple different policy options at once

By reaching out to an experienced independent agent like LifeQuote, you may be able to find a policy that can better meet your needs. Your financial future is important and will require you to plan in advance. We will help you shop the companies that will give you the best protection, given your current need.

Facts about Final Expense Life Insurance

• There is typically no medical exam required
• Some policies provide up to $100,000 in coverage
• Benefits can be used for a variety of different purposes
• Applications have a quick turnaround (usually within two days)
• Premiums remain constant

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