Final Expense plans

By: Senior Benefit Services  01/30/2015
Keywords: Life Insurance, Burial Insurance

These policies have typically have three important characteristics: The life insurance coverage is permanent Life insurance premiums never change The life insurance policy accumulates cash value A Final Expense life insurance policy can be a suitable way of providing the necessary money to a loved one to pay for funeral and other expenses. This makes a Final Expense policy different from a burial protection policy which is used exclusively for covering burial costs. Final Expense polices allow you to choose the coverage amount appropriate for your circumstances and personal needs. Most of these policies are simplified issue, meaning there is usually a shorter application than a fully medical underwritten plan. In addition most of these plans do not require a medical exam. Burial expenses can range between $5000 and $10,000. These funeral expenses include: Cemetery plot Casket Headstone Visitation/Viewing Minister Hearse Additional costs that are often associated with the death of an individual: Legal Fees Hospital Bills Doctor Bills Outstanding Debts (credit cards, mortgage) Probate and Taxes

Keywords: Burial Insurance, Life Insurance

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