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final expense insurance leads

According to the National Funeral Directors Association the median funeral cost can reach over $9,000. These funeral expenses can leave surviving loved one with no means of paying them. This often causes them to feel overwhelmed during times of deep grief.
Many of us know from personal experience how difficult it was for us to deal with our grief, funeral plans, and financial obligations after the death of a close friend. It is hard to imagine our spouses, or children, going through the exact same thing.

final expense life insurance

Burial insurance can be a great option for seniors who want to protect their loved ones and reduce funeral costs. It is easy to apply because it is based upon answers to questions about your health. Many cases don't require you to have a medical exam.
Qualifying to receive a final expenses policy is much easier than qualifying for other types, such as term or life insurance. However, there are still many important questions to be asked.
How can the death advantage be used?

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Most cemeteries require a concrete grave box or burial vault to prevent the ground from buckling over the casket. The remains are protected from groundwater and insects by having a reinforced locker. A vault or grave box may be included in the funeral cost calculation.
To keep pace with healthcare and technological advancements, insurance rates constantly change. Final expense companies set their rates based on actuarial data and underwriting criteria. It is possible that the most affordable policy offered by one company will not be available with another. A licensed agent can give you a free quote and help you decide which policy is best.
There are many options for final expense plans. Which one is right? Which plan will best protect your family? Which will pay you your claim the fastest? Which provider will best assist your family with funeral arrangements? These are crucial questions to ask when choosing a funeral provider.

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An adult funeral, including viewing and burial, cost an average of $8.755 in 2017 (not including vault). Families can pay thousands of dollars for funeral and cremation services, sometimes within days after the passing of their loved one. The cost of a casket can easily reach $2,000 depending on its material and style. Family members can easily open and close a grave for as little as $300. Prices vary depending on the funeral home. These expenses are covered by final cost insurance. It is also called burial insurance or funeral coverage.

Frequently Asked Questions

Is final expense life insurance worth it?

A final expense policy can offer peace of mind and ease the financial burden on your family while they're grieving. And since it usually doesn't require a medical exam, it's a good option if you have a pre-existing condition that prevents you from getting a traditional term or whole life policy.

How do you pay final expenses?

Most families will use cash, check or credit card to pay for all or part of the funeral expenses. Most funeral homes today expect payment in full up-front. Sometimes you can pay a portion using an installment plan negotiated with the funeral home.

What is final expense insurance and how does it work?

Final expense insurance is a life insurance policy that has a lower death benefit, usually intended to cover final expenses and burial costs. Also known as burial insurance or funeral insurance, it's designed for older adults who are ready to make end-of-life plans, typically age 50 and older.