September 12th, 2018
According to a recent study, 155,000 people die across the globe each day. Death is imminent, and people will experience loved ones dying at some point in their lives. The cost of a funeral has always been high, but current research shows the expense of a viewing and burial in the United States to be upwards of $7,000. The topic of death usually remains on the down low, and people only talk about it under particular circumstances. However, it is of the utmost importance for people to prepare for the event ahead of time.
Families tend to run into problems acquiring the funds because of the substantial costs involved with purchasing caskets and employing the services of funeral homes. Plus, not all deaths are expected, and sometimes, they have to come up with the money quickly. These things cause financial hardships for the relatives that are left behind. Luckily, there is a solution for just such dilemmas, final expense insurance. Learn more about who does or doesn't qualify by reading further.
Age is not typically a factor
Many myths surround life insurance. One of the most common ones is that a person above the age of 60 cannot purchase a policy. However, this assumption is false as most healthy people, regardless of their age, can obtain final expense coverage. As folks mature, they get their affairs in order while paying off things such as student loans and mortgages. So, in many cases, the policy proves to be the best option for them.
Final expense insurance protects your loved ones from medical expenses, high burial costs, and other debts not settled. The loss of a loved one is hard enough, without having to worry about financial matters, so take care of your business now and prevent their headaches later. Get the coverage you need, and they deserve today.
With many kinds of insurances, it is not uncommon for the insurer to ask the applicant to get a physical. However, this feat is not required with a final expense policy. The company may ask the candidate a few questions about their health and any existing conditions, but an exam is not needed. Some organizations will get you to fill out a questionnaire while others guarantee approval.
Do some research
Every provider will have its own set of stipulations. Check out their websites and pull up some reviews online to ensure that you are eligible for their final expense insurance. Prices will also vary between institutions so look into multiple providers to assure that you get a competitive rate.