Final Expense

What is final expense insurance?

 

Losing a loved one can be an overwhelming experience, with many decisions in regards to funeral plans and services. Final expense insurance covers the funeral costs of your lost loved ones, which saves family members from the stress of any large expense.  


 

Final expense insurance vs. life insurance

 

Similar to final expense insurance, life insurance also pays the beneficiary upon the death of the insured. However, there are significant differences between these policies.

Life insurance often requires a medical exam and can be denied if an applicant has a preexisting chronic condition. A life policy is purchased for high dollar amounts, often beginning at $10,000, which makes the premiums higher.

 

With final expense insurance there is no medical exam required. Most applicants are qualified after answering a simple health questionnaire. The face value of a final expense policy is much smaller than traditional life insurance policies, which results in a lower premium.

 

What are the benefits of final expense insurance?

Final expense insurance can help your family when they need it most. Here are a few benefits to purchasing a final expense policy:

  • It is designed to pay out immediately.

  • Rates never increase, and benefits never decrease.

  • Most people can easily qualify.

  • It is a more affordable alternative to life insurance.

If you are not sure whether final expense insurance is for you, we can answer your questions. Call us today, and we can help you protect your family’s future.

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© Kamaka Jingao 2020 

kjingao@fbihi.com
808-286-0022

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