Is Final Expense Insurance Affordable On A Fixed Income?

Written by Ross Quade

If you’re a senior wondering whether or notfinal expense insurance policy can be a tough call to make.

The Short Answer?

However, to put things in perspective, the short answer is that final expense insurance is affordable. Believe it or not, it is completely possible to get coverage without paying an arm and a leg. Although some policies may be more expensive than others, it’s important to keep in mind that not all options are the same.

For example, keeping the face value of a policy relatively low can help keep your premiums low as well. In addition, opting for a term final expense insurance policy rather than a whole life insurance policy can keep high premiums at bay. While larger policies may offer more coverage, they’re not always the most economical or cost-effective solution for seniors on a fixed income.

Does Getting Coverage Make Sense?

The next logical question then becomes for many people, does getting coverage actually make sense? After all, even if you can save big when it comes to your premiums, is investing in a final expense insurance policy really worth it in the long run?

While this is a personal decision to make, it’s crucial to keep in mind that final expense insurance policies are typically purchased not for personal gain, but to protect loved ones from the financial realities of death. Albeit a difficult topic to consider, death can have significant implications that go beyond the emotional.

With burial and funeral costs on the rise, investing in final expense insurance has increasingly been recognized as a measure to protect loved ones against these hefty expenses. Providing coverage from 2,000 to $5,000 to even $20,000, depending upon an individual’s needs, final expense insurance can be a cost-effective solution to avoid indebting loved ones with final expense obligations.

What’s The Best Approach?

So, what’s the best approach to coverage? Is there any single policy that’s right for you? Absolutely! However, the trouble is locating that policy. With countless policies to select from, it can be difficult to decipher which option is ideal.

Luckily, this where is FinalExpenseInsurance.com, a burial insurance comparison service, can help. Making comparing policies and prices easy, FinalExpenseInsurance.com can help you determine which type of burial insurance is best suited for your needs.

Want to get started? For immediate assistance, feel free to give us a call toll-free at 1-877-851-2209 or contact us @finalexpenseinsurance.com

Featured image via GlobalPost

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Ross Quade
Ross Quade has been a licensed insurance agent since 2008. State of Texas license #1702965. He has a Bachelor Degree in Psychology from University of Minnesota and minored in Applied Economics. He has been quoted in several online publications including Huffington Post, Young Startups and various financial blogs. Ross frequently writes about issues related to the insurance and finance industry.
About FinalExpenseInsurance.com
About FinalExpenseInsurance.com

We work with individuals across the nation to secure the best life insurance rates.

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