Final Expense Insurance: The Basics
Fill out the form
We'll contact you!
Final Expense Insurance: The Basics
Final expense insurance is a coverage that a person pays the premium for his/her funeral services like burial, cremation, and all costs like caskets, urns, and so on. It is a type of permanent life insurance where death advantage is provided to cover medical cost and end of life expenses.
The most critical stage of questioning is who would take care when you are at the brink of dying. Although the answer may not be comfortable, somehow, you come to the point when you decide to have prepaid your funeral and burial expenses so that your loved ones do not have to worry about covering such costs.
Final expense insurance coverage provides and guarantees death advantage ranging in between $2,000 to $50,000. As long as you pay your monthly, quarterly or annual premiums regularly that's required by the policy contract, the amount is never reduced and you don’t need to borrow an amount against the policy. GetInsuredOnline.com can help you find the right final expense insurance plan available.
Who Need Final Expense Insurance?
If you’re over the age of 40 and need money to cover your final expenses and funeral costs, final expense insurance is a perfect fit. Because the death benefit of the policy tends to be less than the benefit of traditional life insurance, the insurance premiums tend to be more affordable for those who live on a fixed budget. This makes it an attractive option for seniors looking to cover their end-of-life expense because it’s a kind of permanent insurance, doesn’t expire if premiums are paid and it accumulates a cash value over time.
Here are some example questions you may have to answer on the the application when applying for final expense insurance. :
- Have you tested positive for HIV or AIDS?
- Are you currently bedridden, hospitalized, in a care facility, or receiving hospice care?
- Do you have disease of the heart, including heart attack or heart surgery?
- Do you have congestive heart failure?
- Do you have disease of the circulatory system, including stroke?
- Do you have cancer?
- Have you had alcohol or drug abuse?
- Do you have Alzheimer’s disease or dementia?
- Are you taking medication or been treated by a physician for any of the conditions above in the last 2 years?
Even if you answer “yes” to one or more of these questions, you may still qualify for coverage. With final expense life insurance, most people can get coverage even if they’ve had health issues. Shop for affordable final expense insurance rates with Get Insured Online. You can apply online or call our insurance hotline.
Most final expense insurance policy amounts are under $50,000, but the average policy is taken out for $10K – $20K. The exact insurance benefit amount will vary depending on the status of your health and what you’re looking to protect. If you qualify for a modified insurance plan, your final expense coverage amount may be less than a traditional policy. Final expense modified plans are issued to applicants with higher health risks and with a 2-3 year waiting period. They are typically issued to applicants with one or more health problems or if the applicant is taking certain prescriptions. If the insured passes during this period, the beneficiary will usually receive all of the insurance premiums paid into the policy and a small additional percentage.
If you’re a new driver, you know how important it is to get auto insurance. Along with fulfilling a legal requirement, getting auto insurance as a new driver protects you from financial liability, medical expenses, and other legal consequences in the event of an accident or car theft. Having auto insurance gives you the much-needed
Final expense insurance, also known as burial insurance or funeral insurance, is a subcategory of life insurance intended to cover funeral expenses and other end-of-life expenses, including final medical bills and legal fees. While it’s one of the things most people underestimate, end-of-life expenses can add up and create a huge financial burden for those
In 2019, an estimated 30.9 million people in the United States, 9.4% of the population had no health insurance. Another 38 million Americans have inadequate health insurance plans. The numbers are expected to increase as millions continue to lose health insurance in pandemic-driven recession. If you’re among the 69 million Americans who are uninsured or
Having car insurance today is more important than it ever was. Along with protecting you from the liabilities that could emerge from accidents, having car insurance offers peace of mind knowing that you’ve fulfilled a legal requirement. While car insurance comes with many incredible benefits, you don’t want to pay more than you have to.
When you apply for auto insurance, the car insurance provider will expect you to answer a long list of application questions. These questions help car insurance companies to determine if you’re a good candidate for their insurance products, and to get accurate rates. The following are the common questions that car insurance companies ask: What
Health Insurance is also known as private medical insurance. This insurance policy is basically an agreement between you and the insurance company to provide you a way of paying for your hospitalization, unpredictable medical, and other medical-surgery related injuries. Anything that will be included in your health insurance policy, you will get paid for it.