What are Final Expenses?
When someone dies, there are many costs that must be paid. Things like:
- Funeral & plot
- Credit card debt
- Health care costs
- Estate costs
- Legal Costs
- Unpaid Taxes
Too often, people leave behind unpaid expenses when they die, leaving their loved ones with enormous financial burdens. Surviving loved ones are often forced to rack up huge credit card debt in order to pay these expenses which can take years to recover from.
Final Expense Insurance is essentially a very small Life Insurance policy that pays a lump sum of cash (Tax-Free) to your beneficiary when you die. Your beneficiary can use that money to pay all final expense costs. This ensures that you leave your loved ones with loving memories of your life instead of painful memories of your debts.
How It Works
Final expense needs are best covered with a Whole Life insurance policy. The benefits of Whole Life insurance include many guarantees:
- Immediate coverage that begins on DAY ONE! (no waiting period)
- Level premiums (payments don’t get higher with age)
- Cash value (you can take this money out of the policy whenever you like)
- Death benefit never cancels due to Age or Health
- Death benefit that never decreases
- No physical exams
The cost of final expense coverage is very affordable. Many of our clients are able to obtain coverage for as little as $1 a day. The application process is quick and easy, and can often be done right over the phone. You can apply for coverage without a physical examination – you simply answer the questions on the application.
NOTE: For Final Expenses, we ONLY recommend a Whole Life insurance policy. We do NOT recommend Term, Universal Life, or Accidental because these other types of insurance have a strong potential to LAPSE before you die, or not pay at all.
Why is Final Expense Insurance so important?
The average funeral costs between $10,000 and $30,000. Existing personal debts, legal and medical bills, can all add tens of thousands of dollars on top of the funeral costs.
Ask yourself, “If I died tomorrow, could my family afford my final expenses?” If the answer is no, then final expense insurance is essential. With a final expense policy in place, you can rest assured that your debts will never add to your family’s grief.
CLICK HERE to obtain a FREE, no-obligation quote for a plan customized for you. Our team of Licensed Final Expense specialists will help you to develop a plan.
Or CALL (800) 454-1035