Final Expense
ANA Final Expense Life Insurance
Final Expense Life Insurance is popular with seniors because of its affordable price, smaller benefit amounts, and emphasis on covering funeral costs. Note; traditional life insurance policies, such as term insurance, are primarily intended to replace any income lost when a loved one dies. These policies are most important to families during the earlier years when there're working, paying mortgages, making car payments and raising kids. Once they have passed this stage, retired, paid of the mortgage and the kids are out of the house, traditional life insurance policies aren't needed as much. What is needed now though, is a way to pay for those expenses we leave behind when we pass.
According to the National Funeral Directors Association, the median cost of a funeral can be over $9,000. With no way to pay for these expenses, surviving loved ones often experience a financial burden during a time of intense grief. Final Expense coverage has increasingly become the compassionate insurance option for those looking to protect their loved ones from rising costs. It's typically easy to qualify for because it's issued based on answers to health questions. In most cases, you don't need to take a medical exam.
If you are over 40 and need money to cover your final expense and funeral costs, Final Expense Life Insurance is a perfect fit. Because the death benefit of the policy (typically $5,000-$20,000) tends to be less than the benefit of traditional insurance and the premiums tend to be more affordable for those on a fixed budget.
- Ask About guaranteed issue.
- No medical exams.
- Benefits and premiums won't change as long as you pay your premiums.
We urge you to take advantage of your free, no obligation consultation with a specialist ANA Personal Benefit, Final Expense Advocate. ANA Members/Spouses are encouraged to call 1-859-873-4804