Caring for the ones you love can be done in many ways. Most people that are head of their household work hard their whole life making sure their families have everything they need to be happy and healthy. However, many of these same hard working people never give a second thought to what might happen to their families in the event of their death. This is the biggest reason you should consider choosing final expense insurance coverage.
If you family is sure they have the cash to pay for everything, or if arrangements have already been settled, then funeral insurance may not be the right thing for you. However, if you are concerned about coming up with thousands of dollars to handle these expenses, then you may want to consider checking into burial insurance.
final expense insurance quote plans are also called burial policies sometimes. Basically, they are a form of whole life insurance that has been designed for middle aged people and senior citizens. The face value is fairly low, usually from $2,500 to $25,000, and so premiums are usually affordable and the application process is short and painless.
“do you remember sending this card in”? When they say yes, you respond, “can you tell me what you were thinking when you sent this card back”? You want to uncover the hurt. They had to have had a reason for sending the card in. For instance, maybe a close friend died or a relative.
Don’t fool yourself thinking you’re to young to buy insurance you’re not! Accidents and death can occur anytime, anywhere and your age means nothing! I learned this lesson the hard way in 2005 when an uninsured driver hit me.
These applications ask few health questions. Most seniors should be accepted. Coverage should be immediate after the insurer accepts the policy. This is a good choice for most older people who do not have any serious health conditions. The lower premiums and immediate death benefit are important to consider.
One common reasons that older people look for coverage is because they need it for their company. Many top business people are over 65. Some lenders may ask for a policy to guarantee the investment. In addition, key man insurance can insure that a company can recover financially in case it loses a valuable member of the team. So companies, large and small, are one major purchaser of policies for older people.
Your unique situation has to figure into your decision. For some people, it would be better to put aside a few dollars every month to plan for final expenses. But many families find that it is easier to just pay a premium.