Losing a loved one is something that no one wants to think about. Not only is it emotionally devastating, but it can also be financially draining. End-of-life expenses like funeral and burial costs can be overwhelming. This is especially true if you have already spent a lot of money on the family member’s final medical expenses. Fortunately, final expense insurance is a great way for family members to rest assured knowing that they won’t deplete their savings with end-of-life expenses. Read on for more information about final expense insurance policies.

What Does Final Expense Insurance Include?

A final expense insurance policy is typically issued to adults ages 50-80. The monthly rate depends on age, sex, health, and amount of coverage. For example, a 50-year-old would pay less per month than a 70-year-old. Final expense insurance is a whole life policy, so it won’t expire. These policies are designed to cover funeral costs, cost of the burial, and any final medical bills. This is very helpful because funerals can cost around $10,000 or more. Generally, a medical exam is not required to get a policy, but the person will have to answer some health questions.

Who Needs It?

This policy is perfect for those who already have life insurance but want some additional coverage to help their family members out once they pass. In addition, sometimes with term life insurance, the person will actually outlive their policy, so there needs to be additional insurance in place to help out the family. Some families choose not to get life insurance because they know their family will be fine financially without them. In this case, the final expense insurance would simply be to aid the family with funeral and final medical expenses.

Contact Ami Ahuja For Help Choosing Final Expense Insurance

Nobody wants to think about their own death, but nobody wants to leave their family members financially needy due to expensive funeral, burial, and medical costs, either. Invest in a final expense insurance policy to protect your loved ones from end-of-life expenses. The policies can usually be acquired at age 50 and have affordable monthly premiums. This policy is also perfect for those who want to add to their existing life insurance policy or those who fear they might outlive their policy. For more information about final expense insurance, contact Ami Ahuja today. She is very experienced when it comes to life insurance and final expense insurance policies and can help guide you in the right direction.