What is Final Expense Insurance?Final expense insurance is an insurance policy used to pay for burial expenses and funeral services when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.
More About Final Expense CoverageFinal expense insurance is a Whole Life insurance policy that will last for the rest of your life up to 50,000 in coverage. The policy also builds cash value. Cash value means if you run into financial debt in the future, you can borrow against your policy or have the insurance company pay for your monthly premiums for a while. Your rates will remain the same for life and your coverage will never decrease. Once you lock in your rate and as long as the premiums are paid, you will always be protected with the same rates & coverage.
Living BenefitsAll policies also have Living Benefits. This means if you are diagnosed with a terminal illness, Cancer, Heart Attack, Stroke while you are still alive you can get some of the benefits in cash and spend it the way you want. The benefits will be yours to keep and you do not have to re-pay the benefits back. As you can see Life insurance is not always about when a person dies, you can actually receive benefits while you are still alive.
In order to receive a accurate Life/Final expense insurance rate, we will need to ask you a few questions such as D.O.B., smoker or non smoker, any health issues prescriptions, height & weight, etc.
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