Final Expense

Final Expense InsuranceMany life insurance agents refer to burial insurance for seniors as “Final Expense”. The term Final Expense, however, is not widely used by consumers so they often ask us, “What is final expense insurance??”

Final expenses life insurance covers the cost of a cremation, funerals and burials — as well as other unexpected expenditures. In the event of death of a loved one, you may not always be prepared financially to bear the expenses associated with death. Therefore, it is crucial for low-income seniors to invest in insurance for funeral costs so that their loved one’s do not have to face this financial burden.

Where Can I Get Insurance To Cover Funeral Costs??

Surprisingly, it’s not that easy to find funeral insurance for seniors that is reasonably priced and that offers immediate coverage.

Most life insurance for seniors is sold through the mail, TV ads or from a local insurance company. These policies are either over priced, Term to 80 or modified insurance policies. None of which are recommended as a senior final expense life insurance program.

There’s never a “convenient” time for death. No one is emotionally or financially prepared to lose a loved one. Not only will your family have to face the tragic loss of someone they love, they will incur the financial burden of funeral costs, your outstanding debts and estate costs.

In fact, the average burial averages between $5,000-$10,000, and that number does not include the funeral service. A little known fact is that funerals can be as expensive as weddings. Depending on where funeral services are held and how many people attend, the average funeral can cost between $10,000-$20,000, bringing the final price too as much as $30,000. This figure does not even factor in medical or attorney expenses, which could cost hundreds of thousands of dollars.

You need to evaluate your family’s financial situation and ask yourself, “If I die tomorrow, can my family afford it?” If your answer is no, then it would be wise to consider final expense insurance from Divine Insurance Group. This will allow you to continue protecting your family when you are no longer able. Final expense insurance will give you the peace of mind that your family will be taken care of.

To get your FREE final expense quote, just fill out the form to the right to begin providing protection for your family in a time of need. Our insurance specialist will work with you to find the right plan that will fit your budget.
October 22nd, 2015 by Divine Insurance Group