Final expense insurance, also referred to as burial insurance, helps cover the costs of some of the essentials including funeral arrangements, and any remaining medical or legal expenses that will need to be settled by your beneficiary. This coverage can ensure that your loved ones aren't left with a financial burden, as the average funeral can cost $10,000 or more.
Why Buy Final Expense Insurance?
Final expense insurance is one of the most affordable types of life insurance — a Final Expense policy starts at just $14.45 per month for $5,000 for a 45 year old female and $18.70 per month for a 45 year old male. Plus, the approval process is quick and easy. You may even start your coverage on the same day you apply.
Burial insurance is an affordable way to give your family financial protection. Here are some of the advantages:
Certain types of life insurance require a medical exam, but not a burial insurance policy unless you have a serious pre-existing medical condition. This is guaranteed coverage and we will insure you even if you have a serious or pre-existing condition.
Final expense life insurance rates start at just $14.45 per month for $5,000 for a 45 year old female and $18.70 per month for a 45 year old male, with coverage amounts ranging from $5,000 to $25,000.
You get to choose if you want to pay your premium monthly or annually.
The application process is quick and easy, and coverage can be issued in days, sometimes even on the day you apply. Once you've been approved, your coverage starts immediately.
Burial insurance policies cover the costs and some of the essentials that could be covered include:
Learn more about how burial insurance works.
Once the funds have been paid out to your beneficiary, they can use the money any way they want. If there are funds remaining after paying for all funeral-related matters, the beneficiary may use the balance to pay outstanding medical, legal, or credit card bills in your name. Just be sure you choose someone you can trust to allocate the funds properly.
Our Answers is your resource for all things life insurance, from how it works to the types of policies available.
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