Not exact matches
As you can see, traditional
life insurance policies simply can not match the relaxed underwriting of final
expense insurance.
Lincoln Heritage's services are all streamlined to promote the Funeral Advantage
policy which is designed for those who may not have much in the budget to cover a larger
life insurance policy or are already protected financially and
simply want additional coverage for funeral
expenses and burial costs.
When considering a final
expense life insurance policy with other financial planning needs, these plans can serve as good alternatives for individuals who
simply need a way to pay for their funeral and other related costs without disrupting estate assets and other savings or inheritance that is earmarked for their loved ones.
The best final
expense life insurance policy is
simply the one that costs the least, covers you as soon as possible, and is underwritten by a financially secure
insurance company.
Burial
life insurance is
simply a small whole
life policy to cover final
expenses.
For more information regarding guaranteed issue
life insurance policies and graded death benefit clauses, we would recommend that you either check out comprehensive guide to final
expense insurance or
simply give us a call.
Therefore if you've found yourself in a situation where you
simply can not qualify for a traditional term or whole
life insurance policy, or you
simply wish to purchase a smaller 5 to 20 thousand dollar
life insurance policy to coverage ones final
expenses such as a burial, you may be more interested in buying what is called final
expense or burial
insurance.
Simply put, unless you have, say, $ 25,000 lying around in your checking or savings account for the express purpose of taking care of final
expenses such as medical bills, burial and legal fees for finalizing your estate, a $ 25,000
life insurance policy makes a lot of sense.
We'll without getting into the numerous benefits an «alcoholic» applicant would see if they
simply quit drinking and assume a sober lifestyle, there still are some options available to those who do not wish to quit drinking and still want to purchase a a final
expense or burial
life insurance policy.
But, many people without debt prefer to keep their
life insurance policy for other reasons, such as final
expenses, leaving an inheritance, protecting an estate, or
simply enjoying retirement.
Whether you take out a universal
life policy, a term
life policy, or
simply a final
expense policy, you need to have
life insurance to avoid adding a financial to your loved ones during an emotionally taxing time.