Final Expense/Income Replacement Insurance
Medicare has no life insurance benefit and Social Security offers only a $255 benefit. Final expense insurance is different than regular life insurance purchased to protect your family. Following is a summary of the differences:
An Affordable Solution: Final Expense Insurance Coverage
- Final Expense Insurance = Fast payout, lower amounts. While you may have insurance, investments and other assets, it can be difficult to access cash quickly. Final Expense Insurance focuses on quick payout to get you the cash you need quickly, and is typically purchased in lower amounts than typical for regular life insurance.
- Settling an estate takes time. Settling your estate can take time while the needs of your loved ones are immediate. That’s why the focus is on a quick pay with final expense.
- Cash for immediate needs
- Funeral costs
- lodging for family
- Cemetery plot, headstone
- Outstanding bills
To learn more about how these coverages work, and for rates to help you determine which, if any, fit your budget, give us a call. We’ll walk you through the plans and many options available to you. As always, there is no cost or obligation. We simply want to help you understand what is available to you so you can set your priorities.