Why Buy Final Expense Insurance?

Shawn Plummer

CEO, The Annuity Expert

Understanding Final Expense Insurance

Final expense insurance, also known as burial insurance or funeral insurance, is a type of whole-life insurance designed to cover end-of-life expenses like funeral costs, medical bills, and other debts that are left behind. Unlike traditional life insurance, final expense policies have lower coverage amounts and are easier to qualify for.

Related Reading: Does funeral insurance have cash value?

Key Reasons to Purchase Final Expense Insurance

  1. Ease of Financial Burden: Funerals can be expensive, costing thousands of dollars. Final expense insurance ensures that your loved ones aren’t burdened with these costs.
  2. No Medical Exam Required: Most final expense insurance policies do not require a medical exam, making them accessible even for those with health issues.
  3. Fixed Premiums: The premiums are typically fixed and do not increase over time, making budgeting easier.
  4. Quick Payouts: Beneficiaries can receive the death benefit quickly, often without the delays of traditional life insurance policies.
  5. Debt Settlement: Aside from funeral costs, the payout can be used to settle any outstanding debts you may leave behind.
  6. Peace of Mind: Knowing that your final expenses are taken care of can provide peace of mind to you and your family.

Final Expense Insurance at a Glance

FeatureBenefit
No Medical ExamEasier to Qualify
Fixed PremiumsPredictable Costs
Lower Coverage AmountAffordable
Quick Benefit PayoutFast Financial Support
Covers Funeral CostsReduces Family Burden

Conclusion

Final expense insurance offers a practical and compassionate way to ensure your end-of-life expenses are covered without burdening your loved ones. It’s a wise choice for those who want to leave their family with peace of mind, rather than financial stress, at a difficult time. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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