Final expense insurance, also called burial insurance, has a pretty depressing name. But it can be very helpful to some people.
Life insurance can be hard for seniors to purchase, for pretty obvious reasons—older people are riskier to insure. Even if you’re only 45 or 50 but you’re experiencing health problems, it can be difficult to get approved for a standard life insurance policy. Life insurance companies often reject seniors and sick people altogether for traditional term and whole life insurance policies.
But many in this position still want life insurance so that their outstanding debts won’t pass on to their children, or so that they’ll be sure there’s enough money to pay for their own burial or funeral costs. You’re not alone—85% of people list end-of-life concerns as a top reason for wanting life insurance.
People who don’t qualify for traditional life insurance because of age or illness still have options. Final expense life insurance provides smaller coverage policies without requiring applicants to meet the same standards as other life insurance policies. In fact, the two main types of final expense insurance require no medical exam in the application process.
For any special package and terms and conditions please feel free to contact us at 760.442.1062.