Sometimes, it’s difficult to qualify for traditional life insurance. That’s why final expense insurance, or burial insurance, is around. To learn more about final expense insurance, keep reading.
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Final expense is an alternative type of life insurance that is traditionally used to pay for funeral and burial or cremation costs. It’s easier to qualify for final expense than it is to qualify for traditional life insurance, making it a good option for people with pre-existing conditions.
To get a final expense insurance plan, you only need to answer a few health questions. These questions are used to assess your level of risk before you are offered a plan. This is convenient for people with pre-existing conditions because they don’t have to complete a health exam for underwriting purposes. If you did, the chances of being denied are much higher.
Final expense plans offer nominal benefits that often don’t exceed $20,000. As stated before, this money is meant to be used for funerals, burial, and cremation. Therefore, the benefits don’t climb as high as traditional life insurance.
If you want to find a final expense plan that suits your budget and provides you with end-of-life security, contact JEMS of Insurance Group. We will help you compare plans and find one that fits your specific needs. Just give us a call at 1-833-817-6252.
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We are not connected with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
