There are a lot of different insurance options out there. It can be challenging to know which options are the right ones for you. If you’re wondering whether or not final expense is the right choice for your situation, then continue reading.
What is Final Expense Insurance?
Final expense insurance is a type of life insurance that is intended to help cover end-of-life costs. Unlike other life insurance policies, final expense is not intended to replace income, but many people choose final expense because they want peace of mind and wouldn’t want their end-of-life costs to become a financial burden for their family.
What is the Death Benefit?
Final expense policies typically have a smaller death benefit. This is one of the reasons why final expense is not intended to replace large sums of income. One of the pros to having a smaller death benefit is that the monthly premiums for final expense are very affordable for most people.
Many people use the death benefit to cover costs like medical bills and funeral costs. These costs can become financially overwhelming, so purchasing a final expense policy is a great way to ensure that you’re preparing for the future.
Is Final Expense the Right Choice for You?
If you’re looking for a life insurance option you can qualify and be approved for even with major health concerns, then final expense might be the right choice for you. Those worried they may leave behind end-of-life costs should also consider final expense. Making sure that your end-of-life costs are covered can provide you with peace of mind and the assurance that you’ve thought about multiple situations in the future.
Ready to Enroll?
If you think that final expense could be the right choice for you, then we can help. We can walk you through your final expense options and ensure you consider all the choices available to you. If you’re concerned about enrolling, then make an appointment with us.