Final expense insurance doesn’t have to be complicated. Malhotra & Assoc. Insurance will make sure you don’t have to break the bank to prepare for the unexpected. Working with top carriers, we will find and develop a policy that fits you, your family, and your wallet.
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Final expense insurance handles your end-of-life expenses when you pass away. It takes care of burial costs, other expenses, and makes sure your final wishes are carried out — so you leave your surviving family members with pleasant memories, not bills or debt. No matter your age or health status, we can connect you with a company and plan. Contact our team to find a policy that fits your needs and budget.
Final expense policies provide coverage in the form of a death benefit. This is a lump sum payout given to your named beneficiaries when they present your death certificate to the insurance company. Final expense can be used to pay your medical bills, credit card debt and funeral costs. Without final expense insurance coverage, many families struggle to take care of their loved ones’ final wishes once they pass. Final expense gives you the comfort of knowing that your loved ones will be able to carry on without financial struggle after you’re gone.
Final expense insurance is designed to be affordable for seniors with a fixed budget. Most applicants can qualify for very affordable rates for final expense insurance. Your costs will depend on your age and health at the time you apply.
Your costs for a final expense policy include level, monthly premiums. The price will never increase throughout the life of your policy, and as long as you continue to pay your premiums, your policy remains in force and your beneficiaries will receive the death benefit when you pass away.
It’s easy to qualify for final expense insurance. There’s a policy to fit your specific needs, regardless of your age and health at the time you apply.
Applying for final expense coverage is simple. You’ll be asked to fill out an application and answer a few health questions. Generally these health questions will inquire about your history with cancer, stroke, heart disease, drug abuse, depression, HIV/AIDS status, and whether or not you are bedridden or have received treatment for any of those conditions in the last two years. Most people won’t be required to take a medical exam to qualify for final expense insurance.
With your death benefit, your beneficiaries should be able to fully cover the expenses of your funeral and cremation or burial. Costs for these services can be upward of $7,000. If you leave behind medical bills and credit card debts, these unexpected expenses will fall upon your beneficiaries. You should purchase enough final expense coverage to cover the expenses of your funeral and final resting place. Any left over funds can be used as the beneficiaries see fit.
Final expense policies cover the costs of your funeral and cremation or burial. The median cost of a full funeral and burial can range between $7,000 and $12,000. A funeral and cremation could cost up to $7,000. The death benefit from your policy can be used as the beneficiaries see fit to help cover your end-of-life expenses after you pass away. It can be used to pay your medical bills, credit card debt and funeral costs.
The affordable rates of final expense policies make it possible for a late-50s person to purchase final expense for around $20 each month.
Final expense policies pay out as soon as the death certificate is submitted to the insurance company, so your family does not have to wait for probate to receive financial help. Many funeral costs require advance payments, and the benefit allows your loved ones to cover them using funds from your policy.
Purchase enough final expense to cover your end-of-life expenses to ease the financial burden on your loved ones when you pass away. Our team can help you determine the amount of coverage you need and find you an affordable policy you’ll be happy with.
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