When we started out in the insurance industry we only did Medicare. We wanted to become experts in this field so that we could help those people getting onto Medicare to navigate their options and ultimately allow them peace of mind because they know how things work and they are confident that they have the best plan available for their situation. We still love to do this but now we are thrilled to be able to offer this same confidence and guidance for Life Insurance products as well. We work very closely with a great team of brokers at Brokers International and through that connection we have access to some of the best quoting software as well as the ability to look at various insurance companies to help you find the one that will be the best fit.
There are lots of things to consider when looking at life insurance policies and you have multiple plan types as well as insurance carriers to choose from. There is Term Life, Guaranteed Universal Life, Indexed Universal Life, Whole Life, and Final Expense insurance to name a few. To keep this article not too wordy we will discuss Final Expense today and share information on the other products in the coming weeks.
Final Expense Insurance is what it sounds like: Insurance to cover your final needs and arrangements after you pass away. This is not something people like to think about or start planning for too early, however it might be wise to start looking into it today!
Our research has shown that the average cost of burials today is around $12,000. If you choose to be cremated it can be more affordable but costs for a full service with a cremation can start around $3,000 in a lot of areas. If something tragic were to happen to you, a Final Expense Policy would allow your loved ones to afford to pay for your funeral or memorial service without worrying about the cost. Many policies will pay the death benefit within a couple of days vs other life insurance policies that require a death certificate which can take weeks to obtain. Final Expense Life Insurance is an affordable option that can be used to cover any "final expenses'' ranging from funeral/burial costs, family travel costs, replace lost income, or pay off outstanding debt that the deceased may have had. The policies can be made to fit your budget or what we calculate your final expenses to be. We have seen policies as low as $27/month! Let us know if you have any questions or if you want to look into any of these options for yourself or somebody you know.