Final Expenses Insurance
Anyone who has lost a loved one understands how difficult it can be. While the emotions can be overwhelming, one quickly finds how hard it can be financially as well. The average funeral costs between $5,000 and $10,000. Add to that existing personal debts as well as medical and legal bills that may result from your death and the numbers can add up quickly. Ask yourself, "If I died tomorrow, could my family afford it all?" If the answer is no, then final expense insurance is essential.
Final expense needs are usually covered with a whole life insurance policy. The benefits of whole life insurance include a guaranteed level premium that can never be increased, guaranteed cash value, and a guaranteed death benefit that can never be decreased. The policy is guaranteed for life, regardless of any future changes in your age or health. As long as you pay your premiums to keep your policy in force this insurance policy is guaranteed to pay out when you need it most.
Features of final expense insurance:
- Permanent whole life insurance
- Premiums remain level for life
- No medical exam to qualify
- Builds cash value over time
- Available for ages 50 to 75
- $3,000 to $15,000 death benefit
Even if you have more serious pre-existing conditions, such as cancer, heart disease, a stroke, or diabetes, you can still qualify for a guaranteed issue life insurance policy. The benefits are graded, which means your beneficiaries during the first two years will receive all premiums paid plus 10% if you died as a result of illness; however accidental death is covered as soon as the policy is in force. After two years, the death benefit will cover all causes of death. This is an excellent option if you have been turned down for life insurance before.
Purchasing final expenses life insurance is quick and easy. You can apply for coverage without having to undergo any medical examination; you simply answer a few questions on the application.
The licensed agents at Spectrum Direct are specially trained to help you with final expenses life insurance. They can answer all of your questions, provide a free quote comparison, and get you covered quickly.
Ready to get started? Call Spectrum Direct toll-free at 1-800-438-7343.
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