Sentences with phrase «purchase of a final expense life insurance policy»

If you have overlooked any of the potential expenses that you will leave behind, the purchase of a final expense life insurance policy may be a perfect solution.

There can be many reasons to consider the purchase of a final expense life insurance policy.

Not exact matches

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

Now, although life insurance still works in the same manner, policies are oftentimes purchased for certain purposes, such as for paying off one's mortgage, the funding of a college education, or the payment of final expenses.

John and Margaret each purchased a $ 25,000 whole life final expense life insurance policy to pay for their funeral expenses and 12 months of their mortgage payments upon their death.

Final expense insurance policies are just a small version of life insurance that you can purchase to give your family the protection that they need.

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

When purchasing a final expense life insurance policy, it is important to be aware of how the death benefits are paid out.

Final expense policies are a smaller amount of permanent life insurance (typically $ 5,000 - $ 40,000) that you can purchase to give your family the protection that they need to cover the funeral and all other related costs.

While marketing for term life insurance to a younger generation would involve highlighting that buying early can save people money in the long run, the emotional impact of discussing final expense insurance coverage, its affordability, its relative ease in terms of comparison to a traditional life insurance policy and the fact that it gives a great deal of peace of mind for someone approaching retirement and beyond are some of the key ways that a final expense agent can assist with this purchase and encourage people to take that final step of obtaining a policy.

After taking all of this into consideration, many senior citizens are now looking at purchasing final expense life insurance policies to ensure that when they die, all of their final bills are settled, they have the type of funeral they want and ultimately their loved ones left behind have less to worry about.

Before you purchase a life insurance policy, make sure that you look at the cost of a funeral and final expenses.

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

In addition to purchasing personal life insurance ranging from final expense coverage to a full - featured whole life policy, you also have the option of purchasing policies for descendant children under the Young Start life insurance plan.

Buying a life insurance policy to leave money to pay for your final expenses is one of the most common reasons people choose to purchase life insurance.

It's clear that the risks of purchasing a prepaid funeral plan over a traditional life insurance or final expense policy are much higher.

One way that you can get a smaller amount of life insurance coverage is to purchase a final expense insurance policy.

Having an Elizabeth life insurance policy will provide your family with coverage for your final expenses and, depending on how much coverage you have purchased, may provide enough financial stability to allow your loved ones to maintain their level of living.

Final expense life insurance coverage is often called burial insurance and is purchased by those who are considered «seniors,» or between the ages of 50 and 85 — although there are some insurance companies who will sell policies to applicants who are older.

Many people in their 50s that are thinking about purchasing a small life insurance policy to take care of final expenses..

Burial insurance, also often referred to as funeral insurance or final expense life insurance, can oftentimes be purchased for individuals who are up to age 85 — so even those who are older parents can usually qualify for this type of policy.

Once you have done an ample amount of research on a particular insurance company — and you feel that the company is strong and stable financially, and that it has a positive reputation for paying out its claims — then it may be a good choice for purchasing a final expense life insurance policy through.

For those who are seeking life insurance to cover just the costs of a burial, our recommendation is that you purchase a «Final Expense» life insurance policy.

Most final expense policies must be purchased by age 80, however, Mutual of Omaha's «Living Promise» life insurance accepts applicants to age 85.

Most of our clients seeking «final expense» life insurance providing funds to help their family with cremation expense purchase a policy providing a $ 10,000 to $ 15,000 tax - free to their beneficiary / beneficiaries... you could list both your wife and daughter should you choose.

It's not all bad news because with most guaranteed accepted life insurance policies, the best final expense and burial insurance companies will generally have a policy whereby: Should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

Second, you could use the cash value to purchase a paid - up life insurance policy and use this as a type of final expense burial insurance policy.

If you are pre-planning for your funeral expenses and considering the purchase of life insurance you may be wondering about your life insurance policy providing the money to pay for final expenses, such as, a funeral, burial, and other related costs.

The most common reasons to purchase a guaranteed universal life insurance policy include: leaving an inheritance, providing money to your surviving family to cover the cost of your final expenses, and to protect your estate from estate taxes with an irrevocable life insurance trust.

A final expense life insurance policy is typically purchased with the intent of paying off one's funeral and other final expenses.

In today's article we want to focus on finding the best final expense and burial life insurance quotes and discuss what we feel are some of the most common mistakes made by folks purchasing burial life insurance policies today.