What is Final Expense Insurance?
There are costs to pay associated with a person’s passing, whether it is a cremation or a burial. The bills accrued are called final expenses. This includes expenses associated with:
- Working with a funeral home.
- Your memorial service.
- The newspaper or online obituary.
- Your final resting place.
All these expenses can be paid with a Final Expense Insurance Policy.
Features of Final Expense Insurance
Final Expense Insurance is designed specifically to cover final expense costs. This type of policy is usually a smaller Life Insurance Policy, coinciding with the expected costs of your final expenses. As a result, the premiums are also much lower than an average policy.
The Final Expense Insurance policy is a type of permanent policy geared towards people over the age 55. These policies do not expire and can offer a cash benefit if paid in full prior to the insured’s death. In addition, because it is a lower benefit than most insurance policies, it is rare an insurance company will require a medical exam for a Final Expense Insurance policy.
Financial Solutions with Final Expense Insurance
Final Expense Insurance as a financial solution is a wonderful opportunity to make sure your heirs have the ability to utilize their inheritance as they wish, as opposed to tying up loose ends connected with funeral costs. In addition, it allows you to plan according to your wishes and leave the appropriate amount of money in a Life Insurance policy (which stays out of your estate) as opposed to hoping your family has the money to pay for your wishes.
Quy Nguyen Your Expert on Final Expense Insurance
Quy Nguyen graduated from medical school and became a medical doctor in order to help people, but he chose not to pursue life as a doctor. Instead, he learned about how Final Expense Insurance can help others. He uses his extensive knowledge to help people just like you with financial savings, retirement planning, their child’s college education, and protection for your family in case of life’s emergencies.
Plan your financial future. It’s better late than never. To learn more about Final Expense Insurance or to sign up for a free consultation fill out the form on the right. A licensed insurance expert will be happy to help you build your unique financial solution.