More About Final Expense CoverageFinal Expense insurance is basic life insurance generally designed for ages 45-90 that covers the insured for life. Final expense insurance does build up cash value that can be borrowed by the insured and paid back to the policy as a loan.
As an inexpensive insurance choice, final expense coverage can be used to cover the funeral and burial costs of the policy holder. Most people who do not want to place a hardship or burden on their families with burial and funeral costs will purchase burial insurance policies. An important advantage of burial premiums is that they are fixed, which means the premiums remain the same throughout the life of the policy even if your health deteriorates (rate-locked) and the death benefit does not decrease. Final Expense coverage can pay for the casket, funeral service, visitation/viewing, hearse, digging and filling the grave, the actual cemetery plot, or burial vault and grave liner, headstone, flowers and other expenses related directly to named insured’s funeral. We are Independent Representatives of the Top Insurance Carriers in the Country. Final Expense Insurance is generally used to pay for burial expenses and funeral services. Such a policy helps ease the financial burden placed on a family when a loved one passes away. It can also be used to leave behind a legacy for your loved ones or a charity. |
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