subject: Final Expense Insurance – Quotes on Final Expense Insurance [print this page] Final Expense Insurance Quotes on Final Expense Insurance
Final expense insurance is a specialized form of life insurance that covers only the costs of death, funeral, and other end of life expenses. They generally cover funeral home fees, caskets, and embalming/cremation. They can also include more detailed items. Often policy holders also have coverage for things like final medical bills, and securing their debts like mortgages and credit cards. It is very affordable insurance and pays out quickly. Those who lack perfect health or are older can still obtain final expense life insurance easily. Some final expense insurance can save family members from the great burden of having to make big decisions in a hurry.
Aside from covering the basics like burial, funeral, etc; final expense life insurance can cover details like flowers, transportation, and ministers. Funerals and all that goes with them often end up costing around $5000-$10,000. Making provision for these expenses can save a lot of grief for the family. Preparation can save lots of money all by itself. When people are in a rush and in emotional states they usually end up spending more than is needed. When preparations have been made, chances are that less money will be spent in the long run.
Final expense life insurance is very similar to traditional life insurance.
It pays out after the death of the policy holder and covers many of the same costs. But they are also different in many ways. Final expense insurance is usually low in total value because it is designed to cover only costs of the end of life with little or nothing left over for the beneficiaries. This makes it much more affordable than many other types of life insurance. It pays out very quickly. Some policies pay out in just 24 hours after the claim is filed. Some policies have a required waiting period or need death certificate before benefits are paid out.
Many final expense life insurance policies are easy to get. They may not require medical examinations or even ask for any health information on the application. Applicants may be at an advanced age or even have poor health and can still be able to get a policy. Policy holders can select the amount of insurance they need in many cases. They can also custom build a policy to include things that are important to them like adding in details for the funeral. Final expense insurance is a wonderful way to continue taking care of a family even after death has occurred.
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