Final Expenses

Why Buy Final Expense Insurance?

Final expense insurance is one of the most affordable types of life insurance — a Final Expense policy can be as little as $45 per month for coverage ranging from $5,000 to $40,000. Plus, the approval process is quick and easy. You may even be able to start your coverage on the same day you apply.

What are the benefits of final expense insurance?

Final expense insurance is an affordable way to ease your family’s financial burden once you pass away, providing funds for your funeral, medical bills, and more. Here are some of the advantages:

• No medical exam
• Certain types of life insurance require a medical exam, but not a burial insurance policy. Unless you have a serious pre-existing medical condition, you’ll likely be able to get coverage.
• Lower premiums
• Final expense life insurance rates start at just $50 per month for policies with coverage amounts ranging from $5,000 to $40,000.
• Payment flexibility
• You get to choose if you want to pay your premium monthly, quarterly or annually.
• Quick approvals
• The application process is quick and easy, and coverage can be issued in days, sometimes even on the day you apply. Once you’ve been approved, your coverage starts immediately.
• Lifetime coverage
• Your policy never expires so long as your premiums are paid.

What does a final expense policy cover?

Final expense insurance policies cover the costs incurred by the death of a loved one. There are a number of costs associated with a death, so having final expense coverage is important. Some of the essentials covered include:

• Funeral arrangements, including embalming, casket, flowers, and services
• Burial costs, including cremation, burial plot, headstone, and interment
• Outstanding medical, legal, or credit card bills

How do I know if my beneficiary will use the payout for my funeral?

Once the funds have been paid out to your beneficiary, they can use the money any way they want. If there are funds remaining after paying for all funeral-related matters, the beneficiary may use the balance to pay outstanding medical, legal, or credit card bills in your name. Just be sure you choose someone you can trust to allocate the funds properly.

I am a licensed and certified representative of Medicare Supplement insurance and/or Medicare Advantage HMO, HMO SNP, PPO, PPO SNP and PFFS and PDP organizations.I can provide you with further information about the insurance plans offered by one or more of our third-party partners. Each of the organizations they represent has a Medicare contract.
Availability of benefits and plans varies by carrier and location and may be limited to certain times of the year unless you qualify for a Special Enrollment Period. I do not offer every plan available in your area. Currently I represent 12 organizations (insurance companies) which offer 53 products in this area. Please contact Medicare.gov or 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.