Final Expense Life Insurance
Our Final Expense Insurance coverage gives your family cash when they need it most! There is a long list of expenses associated with death. In addition to the taxes on your assets, there are funeral expenses, probate fees, the cost of legal and accounting services that may be needed to deal with your estate's financial affairs, plus hefty additional expenses if the death occurs out of town. Even your executor is legally entitled to compensation.
To make matters worse, your assets may be frozen until your estate is settled. Meanwhile, your family has to come up with the money to pay those final expenses while still covering all of its day-to-day living expenses.
If you already have life insurance like most of us, this policy will simply protect that policy as last thing you want to do is make your loved ones use the money left for their security to be used for your final expenses. And in that state of mind when they have just lost you, they can easily get victimized and end up spending far more then actually required. This way you are setting up your Final expenses budget yourself and no one has to think what you deserve and what you don’t deserve.
Highlights of this coverage :
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Designed for individuals age 45 to 75.
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You can select the level of coverage you desire from $5000 to $25,000.
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It is a guaranteed issue permanent plan with just 5 qualifying questions. |
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Premiums are guaranteed, level and payable for 20 years only. |
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Protection starts as soon as the application and qualifying questions are completed and the first premium is paid |
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The death benefit in the first 2 years will be the return of the premiums paid plus 10% interest to the date of death. . Thereafter the full protection is paid when death occurs. |
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The death benefit is paid in full (even if living) after the later of 20 years, or age 85. |
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You name the beneficiary, which you can change at any time. |
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Late payment protection provided after 3 years through Automatic Loan Provisions. |
