Final Expense Insurance
Cover Final Expenses with Dignity and Ease
Final expense insurance, also known as burial insurance or funeral insurance, is a type of whole life insurance designed to cover end-of-life expenses, such as funeral costs, medical bills, and outstanding debts.
It provides a small death benefit to ensure your loved ones are not burdened with these expenses during a difficult time. This allows them to grieve and honor your memory without added financial stress.
Benefits
- Ease the Burden: Cover funeral costs and other end-of-life expenses.
- Protect Your Savings: Prevent your family from depleting their savings to pay for your final expenses.
- Peace of Mind: Know that your final wishes will be honored without causing financial strain on your loved ones.
- Guaranteed Acceptance: Some final expense policies offer guaranteed acceptance, even with pre-existing health conditions.
Example
- A 70-year-old individual purchases a final expense policy with a $10,000 death benefit. This will cover their funeral costs and any outstanding medical bills, relieving their family of this financial burden.
