What is Final Expense Insurance?Final expense insurance is an insurance policy used to pay for burial expenses and funeral services when the named insured dies.
Such a policy helps ease the financial burden placed on a family when a loved one dies. More About Final Expense CoverageAs an inexpensive insurance choice, final expense coverage can be used to cover the funeral and burial costs of the policy holder. With the average funeral today costing between $8,000 to $10,000 most people who do not want to place a hardship or burden on their families with these burial and funeral costs will take out a burial or final expense insurance policy.
Burial premiums can begin with higher costs at first than other forms of insurance since they include cash value features. An important advantage of burial premiums is that they are fixed, which means they remain the same even if your health deteriorates. Final Expense coverage can pay for the casket, funeral service, visitation/viewing, hearse, digging and filling the grave, the actual cemetery plot, or burial vault or grave liner, minister, headstone, flowers, and other expenses related directly to named insured's funeral. Contact us to learn more about the right final expense coverage for you. |
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