Need an affordable
Final Expenses Insurance Plan?
Find an Affordable Final Expenses Insurance Plan that's right for you.
Need an affordable
Final Expenses Insurance Plan?
Find an Affordable Final Expenses Insurance Plan that's right for you.
Funeral Insurance
Get coverage now so you won’t be a burden to your family or other loved ones.
Understanding Final Expenses Insurance
Did you know that American funerals may cost more than $8,000? Many families are concerned about the high expenses of funerals, burials, and other related services. And, yes, it is a financial burden for many. That’s why Funeral Insurance is very important for many families, especially senior citizens (mostly between 50 and 89 years old).
Funeral planning is stressful and added to the grief struggle and financial obligations create an unbearable situation. However, Funeral Insurance offers end-of-life coverage so you won’t be a burden to your family or loved ones.
How Does Final Expenses Insurance Work?
Before you make a decision, you must understand the importance of having Funeral Insurance, along with the provided benefits. When you get acquainted with all the details, you’re more likely to choose this plan. And, because it is designed to ease the burden, this plan is affordable with unmatched good value.
Here are some important features of the Final Insurance Plan:
- Easy for anyone to enroll
- Affordable for most American citizens
- A cash benefit is provided
Funeral Insurance is a type of Life Insurance, designed specifically for senior citizens so they can afford it. This plan offers a cash benefit to the beneficiaries to cover medical bills and funeral expenses.
These are some features of a typical funeral policy:
1- Easy for seniors to apply for
2- Affordable for many families
3- Pays a cash benefit
These policies are a type of whole life insurance, but don’t let the term, life insurance, frighten you off. These plans have been specifically created to be easy for older folks to apply for and afford.
The very fact that this product is life insurance is an advantage because it pays a cash benefit that can be used for a funeral and any other expenses at the beneficiaries discretion. This is different from a pre-need funeral plan that can only be used for very specific services at one funeral home or funeral company.
How Much Does Final Expenses Insurance Cost?
Of course, there are different “Final Expenses Insurance” plans to choose from at different benefits and costs. Many factors affect this cost, depending on age, health conditions, and lifestyles.
Also, the location of the insured person may affect the overall expenses of the plan. You will need to study the plans and compare between the benefits before you make a purchase. Here is an example of the expenses of a healthy, 65-year old woman, who is not suffering from any terminal disease.
| $5,000: | $22.01 |
|---|---|
| $10,000: | $41.41 |
| $20,000: | $80.21 |
Note: These are sample monthly rates, so it is important to compare current quotes before buying.
What About Preexisting Health Conditions and Funeral Policies?
If you have pre-existing health conditions, you may be wondering if this affects your eligibility for Funeral Insurance.
Any insurance company knows that senior citizens are subjected to health issues and more likely to be diagnosed with certain medical conditions. Hence, there is no need to worry. Some funeral plans even accept all applicants.
There are two major types of funeral policies:
Simplified Issue: In this plan, some questions about health conditions are asked to understand the applicant’s case.
Guaranteed Acceptance: In this plan, no questions are asked and anyone will be qualified to join.
Without a doubt, it is better to secure a place within the Simplified Issue Policy because the premiums are much cheaper. Besides, these questions are aimed at identifying applicants with serious diseases. Once the coverage is issued, the beneficiaries are paid the death benefits immediately.
On the other hand, in the case of Guaranteed Acceptance policy, the applicant has a waiting period before getting the benefits (from 2 to 3 years). The Guaranteed Acceptance policy is the better choice for those with a terminal disease or admitted to a nursing home.
Compare Final Expenses Insurance Quotes for Peace of Mind
For many families, the cost of funerals and related expenses is unbearable, arousing many concerns. Any family should be able to live freely with some peace of mind. To achieve this, many insurance companies have issued Final Expenses Insurance Plans to overcome this burden.
With so many companies on the market, it has become easier to understand these plans and choose what suits your needs and budget.
The insurance company provides a cash benefit to cover any expenses when you’re not around to support your family. The beneficiaries will even get any extra money after handling all the expenses and obligations. Ask for different plans and enjoy your life with nothing to occupy your mind.
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Funeral Insurance
Get coverage now so you won’t be a burden to your family or other loved ones.
Understanding Final Expenses Insurance
Did you know that American funerals may cost more than $8,000? Many families are concerned about the high expenses of funerals, burials, and other related services. And, yes, it is a financial burden for many. That’s why Funeral Insurance is very important for many families, especially senior citizens (mostly between 50 and 89 years old).
Funeral planning is stressful, and added to the grief struggle and financial obligations, creates an unbearable situation. However, Funeral Insurance offers end-of-life coverage so you won’t be a burden to your family or loved ones.
How Does Final Expenses Insurance Work?
Before you make a decision, you must understand the importance of having Funeral Insurance, along with the provided benefits. When you get acquainted with all the details, you’re more likely to choose this plan. And, because it is designed to ease the burden, this plan is affordable with unmatched good value.
Here are some important features of the Final Insurance Plan:
- Easy for anyone to enroll
- Affordable for most American citizens
- A cash benefit is provided
Funeral Insurance is a type of Life Insurance, designed specifically for senior citizens so they can afford it. This plan offers a cash benefit to the beneficiaries to cover medical bills and funeral expenses.
These are some features of a typical funeral policy:
1- Easy for seniors to apply for
2- Affordable for many families
3- Pays a cash benefit
These policies are a type of whole life insurance, but don’t let the term, life insurance, frighten you off. These plans have been specifically created to be easy for older folks to apply for and afford.
The very fact that this product is life insurance is an advantage because it pays a cash benefit that can be used for a funeral and any other expenses at the beneficiaries’ discretion. This is different from a pre-need funeral plan that can only be used for very specific services at one funeral home or funeral company.
How Much Does Final Expenses Insurance Cost?
Of course, funeral insurance rates depend upon the type of funeral plan, the applicant’s age, and of course, the actual insurance company. Other factors that might impact the cost of funeral policies are the location of the insured person, and in some cases, health or lifestyle.
These are some sample funeral insurance quotes from a selected insurer for a 65-year-old woman in Ohio who does not smoke and is in relatively good health for her age:
| $5,000: | $22.01 |
|---|---|
| $10,000: | $41.41 |
| $20,000: | $80.21 |
Note: These are sample monthly rates, so it is important to compare current quotes before buying.
What About Preexisting Health Conditions and Funeral Policies?
Again, these plans are made to be easy to apply for. Insurers understand that older people usually develop some health issues, and taking medication to manage a typical medical condition like high blood pressure or high cholesterol should not be a problem.
There are even funeral policies that accept absolutely any applicant, and these are called guaranteed acceptance funeral insurance.
These are the two basic types of funeral policies:
- Simplified issue: These ask a few health questions on the application.
- Guaranteed acceptance: These ask no health questions and accept all qualified applicants.
If possible, it’s better to answer the few health questions and try to secure a simplified issue policy. The premiums will be cheaper. Also, death benefits are payable as soon as the coverage gets issued. The questions are only intended to filter out applicants who face very serious illnesses.
With guaranteed acceptance, there will probably be a waiting period that the insured person has to survive before benefits are fully payable.
In some cases, this waiting period might last for two to three years. Before that, most insurers will either refund premiums or pay some prorated portion of the full policy value. People who already have been diagnosed with a terminal disease or are already confined to a nursing home might be better candidates for guaranteed acceptance funeral insurance policies.
Compare Final Expenses Insurance Quotes for Peace of Mind
There are lots of families with concerns over the high cost of funerals, burials, and other final expenses. Because of this, the market in most areas is pretty competitive. It is very possible to save money by comparing funeral insurance quotes from top life insurance companies in your own local area.
Your family should be able to enjoy your time with your loved one while she is alive. A burial policy can give you and your loved ones peace of mind because you know that you will get a cash benefit to help defray any expenses that could be faced after the death of a loved one. If there is money left over after any obligations have been handled, the beneficiary of the policy is free to keep it. This makes funeral insurance a flexible and convenient way to plan for the cost of final expenses.
