Final Expense Insurance Plan

Many families face unexpected expenses after the death of a loved one from the cost of a funeral, medical expenses, or possible credit card bills. Final expense insurance is permanent like insurance coverage designed to help cover these costs when the insured dies, easing the financial burden on loved ones. Preparing financially can help alleviate some of your family’s stress in a time when they are grieving.

Coverage with guarantees

As with all types of whole life insurance, your premiums will remain constant and your beneficiaries will be paid the death benefit you selected to help cover the costs of a funeral and other final expenses. As long as you continue to pay your premiums, you are guaranteed your insurance cannot be canceled after the certificate is issued due to age or a change in your health condition. Plus, after your certificate has been in force for a specified time, it builds guaranteed cash value. 

Here are the answers you need now…while you have time to act!

Q:  What is the total cost of the usual adult funeral?
A:  When you take into account both the funeral director’s services and casket, plus the plot, vault and marker provided by others, funerals can cost as much as $8,500.*  Selecting expensive caskets and vaults can push this cost well over $10,000.

Q:  Doesn’t Social Security cover funeral costs?
A:  The most it pays is just $255.00…and only if you qualify for benefits.

Q:  What if I already have life insurance?
A:  You should keep it. But also keep in mind that inflation may have reduced the purchasing power of your scheduled benefit amount. That’s why you may still want to provide your family a separate policy dedicated solely to paying final expenses.

Q:  How can I be certain the benefits will go to my loved ones?
A:  Life insurance proceeds are paid directly to the person(s) you name as your beneficiary. It’s completely private, and there’s no red tape.