A final expense insurance policy is used to pay for funeral services a burial, cremation services or any final expenses when the insured dies. This type policy helps ease the financial burden placed on a family or other loved ones when the insured dies.
Typically a final expense policy is a Wholelife insurance coverage or protection. That is not to say Term life insurance couldn’t serve the same purpose. But know the difference between the two…you can read more about that here…
By planning ahead, you can take comfort in knowing your personal wishes will be fulfilled and that unnecessary financial and emotional difficulties will not be lest for your family or other loved ones. Ultimately, the time you spend planning today can help to alleviate problems later in life.
Old American Insurance Company is one company that offers a variety of products and services called ‘Peace of Mind’ to meet your financial needs – each is designed to protect your loved ones from the financial burdens that accompany one’s final expenses. Old American offers final expense products that are designed with the applicants’ health in mind, and most do not require physical examinations. Just answer a few health related questions to determine if you qualify for coverage In most cases, even those with health issues can qualify. Contact me here for a quote.