Planning our own funeral or making plans for our own post-mortem is uncomfortable. It may be easier to avoid confronting mortality by leaving the funeral planning up to our families, but it’s also a burdensome legacy to leave behind. Affording our survivors the ability to grieve without the added stress of financial uncertainty can be the greatest legacy we leave. Fortunately, there are several insurance policies specifically designed to ease the financial burdens and remove some of the stressful decisions that our families are left with after we pass. (See Trent’s ‘ Do You Need to Leave an Estate? ’) 4 Steps to Offset Funeral Costs with Life Insurance Determine how much life...
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What is Final Expense Insurance? Loans, credit card debt, estate costs, the funeral... most people leave behind unpaid expenses when they die, expenses that, if left unattended, burden their families tremendously. Final expense coverage is life insurance that pays off these debts, ensuring that everything will be taken care of if you pass. Final expense needs are usually covered with a whole life insurance policy. The benefits of whole life insurance include a guaranteed level premium that can never be increased, guaranteed cash value and a guaranteed death benefit that can never be decreased. The cost of final expense coverage is very affordable, even if you have some health problems. The...
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Our content is free because we may earn a commission when you click or make a purchase using our site. Learn more. To that end, you should know that many advertisers pay us a referral fee if you purchase products after clicking links or calling phone numbers on our website. The following companies are our partners in Final Expense Insurance: Federal Trust. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Partners may influence their position on our website, including the order in which they appear on the page. For example, when company ranking is subjective (meaning two companies are very close) our advertising...
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Final Expense, Hickory, NC Posted by wordjack November 2nd, 2018 At Prime Benefits Insurance, we know there may be questions related to final expense life insurance, but we are prepared to assist you through the planning process in Hickory. Preparing for burial expenses can seem like a serious event, but in reality, it may be one of the most important steps that you take. Burial insurance, often referred to as final expense life insurance, determines where you would like to be laid to rest and creates plans for the expenses of this event, essentially giving you and your family peace of mind. At Prime Benefits Insurance, we know you may have questions related to final expense life insurance...
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When we consider that over 40% of Americans do not currently have life insurance ( per LIMRA report ) and that a large portion of that number is senior citizens, it’s important to know that life insurance for seniors is certainly not out of the question. If you are a senior with no life insurance or are expecting your term insurance to expire soon, is it important to you to find life insurance that is affordable and easy to purchase? If your life insurance is only an employer-sponsored group life policy and you will soon be retiring, have you considered how to replace it? Here we’ll discuss life insurance for seniors and provide our top final expense quotes. We’ll also answer the most...
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How much do final expenses cost? Final expenses are the expenses your family pays for your burial or cremation, and for other things you might want at that time, like a gathering to celebrate your life. Although thinking about final expenses can be hard, knowing what they cost and making sure you have a life insurance policy big enough to cover them can help spare your family an expense they might not be able to afford. What costs more, burial or cremation? The amount of your final expenses depends on several things, including where you live in the United States and what kind of final arrangements you want. One of the biggest factors can be whether you want a burial or cremation. In 2015,...
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People purchase life insurance for any number of different reasons. For some, it is to replace income, and for others it is to pay off debts. For many, however, the reason is to pay the high cost of their funeral and other related costs - and for this reason, many individuals will purchase final expense life insurance. How Does Final Expense Life Insurance Work? In many ways, final expense life insurance works just like other types of life insurance coverage in that the policyholder will pay a premium in return for death benefit coverage should the insured pass away while the policy is in force. In most cases, the face amount on a final expense life insurance policy will range between $5,...
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Death is a pretty fragile topic and many individuals avoid talking about it because of how excruciating it can be for them. Nobody likes to think about the end of their lives, regardless of how old they are. The main concern, we all know that our existence will end someday and it is basic that the individuals who are left by the deceased won’t be in the lurch for the reason the death can’t be expected. One means to guarantee that the costs of burial are already dealt with is getting some kind of insurance. Final expense insurance sometimes referred to as burial insurance or death insurance is a type of insurance that is intended to cover costs related to a burial service....
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Here you’ll find the information you’ll need to be a wise shopper for final expense insurance. Whether you are interested in purchasing coverage now or are just doing some research, we can help. Also, if you wish, we can shop the market to find the best policy for your particular situation. As you know, it’s always best to do your homework before you buy so let’s start with the basics and work our way from there. What is Final Expense Insurance? Final expense insurance is a permanent whole life insurance policy designed to cover the cost of your funeral and other end-of-life expenses, such as, medical bills, legal fees, housing costs and any other remaining bills. Burial insurance...
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Globe Life insurance Company has been mailing life insurance offers to middle aged people and seniors for decades. In fact, They have been operating since 1951 and they now serve millions of policy holders. With an A+ rating from Am best, rest assured they will fulfill their promise to pay claims to your beneficiaries when the time comes.However, as we read and investigate further, we find a few limitations and exceptions on their coverage that may not be the best choice. Most consumers cringe over the thought of purchasing Life Insurance, the last thing a consumer needs when searching for the best products and pricing is an ad with small fine print and or a misinformed agent promising...
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