Final Expense Insurance-Understanding the Importance of a Plan

One thing that we can all agree on is that there are two certainties in life:  death and taxes. And we can all expect a healthy hike in taxes coming for all of us in the years/decades to come with the way our government is spending money. 🙂 But that’s another story for another time. Today we will be talking about final expense insurance and the important role it plays in the lives of so many people.

Final expense insurance policies are small, whole life insurance policies, that typically range from $5,000-$50,000 of death benefit. With the heavy emotional toll, a death in the family can bring, nobody wants their spouse or family to have the added stress of all the financial obligations that come afterwards. I have listed below some of the excellent policy benefits as well as examples of possible costs upon death.

-Best Candidates are between 50-80 years of age

-Policies Start as low as $30 per month

-No Medical Exam Necessary

-Short Application, Simplified Issue! Same Day Approval in some cases

-Lifetime Coverage

-Premiums Never Increase

-Cash Value Grows Within the Policy

-Claims Paid out Within 24-48 hours

-Broad Range of Reputable Insurance Carriers

Examples of Potential Costs:

-Funeral Service
-Burial Plot
-Any Misc. Outstanding Debts
-Mortgage Balance
-Hospital/Doctor Bills

These insurance policies are not designed to be complex in nature, making the process of obtaining one of these policies seamless and straightforward. Please contact our office today to learn more about how final expense insurance can protect your family.

Best Regards,

Dustin Cooley
LionShare Insurance Group