Final Expense

 Final Expense Insurance is a type of whole life insurance designed to pay medical bills and funeral expenses when an insured passes. A final expense policy is also known as Burial or Funeral Insurance and is designed primarily with seniors in mind.

Each of us will face the death of a close family member one day and worrying about funeral costs will only add to the pain and grief. While there’s nothing we can do to ease the pain of loss, planning ahead can remove the financial burden of final expenses.

According to the National Funeral Directors Association, the national median cost of an adult funeral, with viewing and burial, in 2017 was $8,7551 And, this cost does not include the cemetery plot, monument, flowers, obituary or other cash expenses2, which could push the cost well over $10,000.

We offer one of the best carriers for Final Expense Coverage: Foresters Financial, an international financial services provider with a unique history. It began in 1874 when they set out to provide access to life insurance for average, working families. Now, 147 years later, they provide life insurance solutions that help families achieve long-term financial health and security and have grown their portfolio to meet the needs of our aging society. You can see more at www.foresters.com.

Our Final Expense policy has these features:

• Whole Life Insurance – policy never lapses if premiums are paid.
• Cash value – insured may be able to take out a policy loan. Cash Value will also step in if you miss payments so the policy does not lapse.
• The premiums are the same on Day 1 as on Day 1000, as long as they are paid.
• Simplified issue – usually no medical exam (also called a life insurance exam) is required, just health questions on the application.
• Easy application process and fast approvals – you will know within days if the policy is in effect.
• Affordable – based on age so the sooner you apply the cheaper it will be.
• Low coverage amounts -$5,00 to $35,000 are typical.

Let’s review - why apply for Final Expense Coverage?

1. To pay for final medical expenses and funeral costs.
2. To avoid your children or other family having to pay your expenses.
3. To reduce the trauma on your family knowing that you are not burdening them with costs on top of mourning the loss of you.
4. Depending on when you apply, you may build up enough Cash Value to pre-pay for your funeral expenses and handle those decisions yourself.

Call us today at 315-489-4642 x115 and put your mind at ease!

¹ This life insurance does not specifically cover funeral goods or services and may not cover the entire cost of your funeral at the time of your death.  The beneficiary of the life insurance may use the proceeds for any purpose, unless otherwise directed.

² National Funeral Directors Association, https://www.nfda.org/news/statistics