A lot of things change as we age; among them are our insurance coverage needs. Today’s seniors are living longer and enjoying more active lives than ever before, which is why it is important to have quality insurance that sticks with you through the long haul. Here at Insurance Innovations, Inc., we know there are many policy options to choose from. Our team is here to assist you in understanding the opportunities that exist for seniors who want to provide final expense protection for loved ones.
Final Expense Insurance
Final expense insurance – also known as burial insurance – is a type of permanent life insurance policy that extends a small death benefit designed to cover final expenses associated with a funeral and burial. We typically recommend final expense insurance to individuals who wish to avoid creating a financial burden or hardship to a surviving spouse, children, or other loved ones during their time of grief. Given that the average funeral today cost upwards of $11,000 or more, this coverage can be a valuable gift to those you leave behind.
Final expense insurance policies are available with coverage amounts that are customizable to your plans and wishes, from as little as $5,000 to as much as $20,000 or more. Your family can use the funds to cover not only the cost of a funeral and burial, but also the associated expenses of a casket, headstone, hearse, minister fees, and even flowers.
Since the benefit amount is small compared to other types of life insurance, we can offer no medical check plans, including to people with pre-existing conditions. Your premiums are fixed and will never change – even if your health begins to deteriorate. For more information or to request your free quote, contact our office today. We look forward to serving you soon.
