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Final Expense Burial Insurance

 

What Is Burial Insurance?

Final Expense Burial Insurance

As you age, it is important to shore up all of your affairs. No one wants to leave their family and loved ones with a big financial burden, especially not right in the wake of their own death. It is for this reason that burial insurance was invented.

Guaranteed Issue final expense insurance policies turn down no one – everyone 50 to 80 years of age who applies will be covered – no medical questions asked and no medical exam needed. Too good to be true? Well not really, there are two drawbacks to guaranteed issue coverage: first your costs will be higher because the risk to the insurer, your health, is an unknown, and second the policy’s face value benefits at death may not be payable immediately.

Typically policies which guarantee issue require a vesting period of up to 3 years during which full benefits will not be paid. Should the insured person pass away before the vesting period is over the policy will only return the premiums already paid in, most often with interest added.

Final expense insurance plans called simplified issue do ask questions about your physical condition but they are written to allow older people with reasonable health to be covered. The monthly premiums will be lower than the “guaranteed” policies and full face value benefits are payable immediately – no waiting period is required.

A final expense life policy will pay a death benefit at the time that you die. You will list the person or people that you wish to be the beneficiary of the policy. This is the person who will receive the payment, shortly after you die. The funds from this policy are available to use to pay for any debts you may incur. It is an ideal policy to cover the costs mentioned above, or others. You can even use the proceeds from this type of policy to make a significant contribution to a church or other charity, if that is your wish.

YOUR  COVERAGE  IS  FOR  A  LIFETIME
YOUR  PREMIUMS  NEVER  INCREASE
YOUR  POLICY
CASH  VALUE  GROWS
YOU  DO  NOT  NEED  A  MEDICAL  EXAM

Having a Final Expense Insurance policy means you are covered for your entire lifetime. It also provides those left behind the means and the ability to pay any remaining expenses or outstanding debts – you can even make bequests!

Flexibility makes Final Expense Life Insurance different from burial protection policies which can only cover the costs of burial.

Final Expense Life policies let you fit the policy coverage to your needs – you choose the amount of coverage you want.

NO MEDICAL EXAMS are needed with Final Expense Life Insurance. The policies are created as simplified issue which means you only fill out a short application and no trip to a physician is required.

Check Out FinalExpenseFacts.com

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