Final Expense

Lifetime coverage and cash value

Losing a loved one is an extremely difficult experience. Picking up the pieces can be stressful, especially with all of the expenses associated with death. Without a final expense life insurance policy, families may have a hard time coming up with the funds needed quickly. Final expense life insurance can save families from having to withdraw money or sell assets and offer real peace of mind.

Many of us are concerned how our bills for funeral, burial, and more will be paid after we’re gone, without leaving a burden for loved ones. Reports say the average cost for final expenses is approaching $10,000.00.

Graded benefits policies, usually permanent insurance, are designed to cover final costs. They usually include a waiting period before the full value of the policy is in force. These plans are a relief for people who believe they cannot get life insurance due to their age or health. The policies are usually available with limited underwriting or even guaranteed acceptance.

Limited benefits life insurance may be right for you if:

  • You have been turned down previously for life insurance.
  • You are worried about paying final expenses.
  • You don’t want to be a burden to your loved ones.

Some people also choose graded benefits as a great way to leave legacy for someone special after they are gone.