Most of us are constantly trying to make life easier for the ones we love. Part of this is trying to provide them with a great life and a dependable future. This doesn’t have to end when your life is over.
When your time comes, it will be hard on those who love you. Choosing to carry insurance for final expenses is a great way of helping your family during their time of need. The last thing they need to be thinking of while grieving is the costs surrounding your funeral.
While you may know a few things about final expense insurance, there is a lot that may be unfamiliar to you. Let’s take a look at 5 surprising facts about final expense life insurance so you can decide whether you want to provide your family with this type of assistance.
1. Easy Qualifications
Most final expense life insurance policies are relatively easy to qualify for. Unlike life insurance, there aren’t any medical exams to take or doctors to visit. With most policies, all you need to do is fill out a questionnaire and provide prescription medication information.
2. Death Benefits Are Guaranteed
When it comes to paying for final expenses, as long as you pay your premiums, your family is guaranteed death benefits. Unlike term policies, you and your family will have no worries of losing your benefits or them being reduced for no reason. This keeps you from worrying about how much of your policy your family will receive after your death.
3. Benefits Can Be Borrowed Against
Families often find themselves dealing with financial issues. When this happens, having somewhere to turn is helpful.
Like other insurance policies, final expense insurance can be borrowed against. You’ll also find it’s possible to accelerate your death benefits. This can help you and your family if you find yourselves in financial hardships.
4. You Can Choose Your Beneficiary
With insurance for funeral costs, you get to choose your beneficiary. This can be a spouse, one of your children, or even a family friend if you prefer. One of the best aspects of this insurance is how easy it is to ensure your needs are met after you’re gone.
5. Insurance for Final Expenses is Affordable
Costs are not outrageous when it comes to paying for final expenses. By visiting Final Expense 101 you can easily browse the insurance marketplace to find prices that are affordable for your budget. This allows you the opportunity to choose the right amount of coverage to ensure your wishes are met.
Learning More About the Services You Need
Now that you’ve learned a few interesting facts concerning insurance for final expenses, you can decide whether one of these policies is right for you and your family.
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