Final expense life insurance is an important type of insurance policy that can provide financial protection to you and your loved ones during a difficult time. 

Here are ten important things to consider when looking into final expense life insurance:

1. Funeral Expenses: Burial or Final Expense life insurance can help cover the costs associated with a funeral, burial, or cremation, ensuring that your loved ones are not left with an unexpected financial burden.

2. Outstanding Debts: Final expense life insurance can be used to pay off any outstanding debts you may have, including medical bills, nursing home or nurse care, credit card debt, or mortgage payments.

3. Protect Your Family: Final expense life insurance can provide peace of mind knowing that your loved ones are financially protected in the event of your death. Having a policy will decrease the burden on your family to obtain funds for end-of-life costs.

4. No Medical Exam or Labs Required: Many of these types of policies do not require a medical exam, making them a viable option for individuals who may have health issues.

5. Affordable Premiums: Some final expense life insurance policies typically have lower premiums than traditional life insurance policies because the amount of coverage is less, making them an affordable option for many individuals and families. Typically these plans are whole life insurance meaning it won’t expire prior to death. However, you must continue to make payments as scheduled to prevent a lapse in coverage. 

6. Guaranteed Acceptance: Some final expense life insurance policies often provide guaranteed acceptance, meaning that anyone who meets the age requirements can qualify for coverage. These policies are typically a bit more expensive than non-guaranteed issue products and the maximum amount of coverage will be less. But this is still a great option for those with major medical issues. Families tend to be happy with whatever amount you leave them to help with expenses.

7. Quick Payouts: Final expense life insurance policies often provide quick payouts to beneficiaries, ensuring that funds are available when they are needed the most. We help our families with making a claim with the insurance company. You call us and let us know details surrounding your claim and we will take the burden of calling the carrier off you, giving you the ability to focus on more important things. 

8. Customize Your Coverage: Final expense life insurance policies can be customized to meet your specific needs and budget, allowing you to choose the coverage amount that works best for you and your family.

9. Protect Your Legacy: Final expense life insurance can help protect your legacy by ensuring that your final wishes are carried out and that your loved ones are not burdened with financial responsibilities.

10. Ease the Burden on Your Loved Ones: Final expense life insurance can help ease the burden on your loved ones during a difficult time, allowing them to grieve without the added stress of financial concerns.