Can Your Family Afford a Fitting Farewell for You?
Final expenses, including funerals, outstanding medical bills, legal fees, etc. are expensive these days. A funeral alone will cost between $7,000 and $10,000, on average.1 Without a life insurance policy, your beneficiaries may struggle to come up with that much cash.
That’s why life insurance to cover final expenses may be an important part of your financial plan.
Watch the video below to find out more about guaranteed issue life insurance.
Guaranteed life insurance, also called final expense or burial insurance, is a kind of permanent life insurance specifically designed to provide the financial resources to pay for
- funeral services
- burial (casket, burial plot, headstone, etc.)
- hospital bills
- debts you don’t want your family to inherit
- other costs associated with end of life
Guaranteed life insurance policy typically have smaller death benefits than traditional policies. Sometimes death benefits are phased in over time. For that reason, we usually recommend for guaranteed life policies for people who can’t qualify for traditional life insurance because of factors such as poor health or lifestyle habits.
If you’ve been deemed high risk or uninsurable by life insurance companies, guaranteed life insurance could be a solution that will work well for you..
It’s easy to apply!
No medical exam is required. All you have to do is answer a few medical questions.
The entire process is fast, too. There are no waiting periods. In most cases, you’ll have the protection you need in a matter of days.
The only requirement is that you are between 50 and 80 years old.
The benefit will never be reduced or canceled & your premiums will never change
The coverage is guaranteed for life, regardless of future changes in age, health or occupation as long as premiums are paid on time.
Guaranteed life insurance may be a good solution for your needs if you have:
- poor health (which may have made it difficult to get insurance in the past)
- dangerous hobbies like drag racing or sky diving
- a high-risk job such as underground mining or logging, or
- a fear of needles or doctors