What is Final Expense Insurance

Final Expense vs Prepaid Burial

Final expense insurance, or burial insurance, is typically a form of whole life insurance usually having a face value of $10,000-$40,000.

Ultimately, most folks get this coverage to pay for the cost of funeral and burial services. However, unlike preneed or prepaid funeral packages, final expense insurance can also help cover outstanding debts, other remaining expenses, and anything left over can go to a beneficiary to assist them through a tough time.

This type of life insurance also allows you to choose your beneficiary, unlike prepaid funeral packages. While a prepaid burial plan usually is payable to the funeral home, a final expense payout goes straight to the beneficiary you choose. Depending on your coverage needs, it can last for the duration of a specified term or until the whole life policy ends at age 100.

Here’s What We Offer

The great thing that we offer here is access to dozens of insurance carriers. I don’t work directly for one company. Many of our clients that purchase final expense insurance are seniors that are on a fixed income. We get to match clients with the coverage and insurance company that fits the client’s needs.

Pretty much no matter what health issues an individual may have had or still presently has, we can typically find one of our contracted insurance companies to insure. I am a licensed insurance agent serving Maryland and Virginia.

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