Relieve stress for your loved ones with
Final Expense Insurance
✅ No Medical Exams or Visits
✅ Payments Never Increase
✅ Benefits Never Decrease
✅ Coverage up to $40,000
✅ Health Issues?...it's OK
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What is Final Expense?
Final expense insurance is a type of life insurance policy that is designed to cover the costs associated with a person's funeral and other end-of-life expenses. These costs can include things like a casket, burial plot, funeral service, and other expenses that may arise. Usually your beneficiary(s) receive the death benefit TAX-FREE.
How Final Expense Life Insurance Benefits You
Financial Protection of Loved Ones
Final expense insurance can offer financial support to surviving family members who may rely on the deceased for financial assistance. This could include spouses, children, or other dependents who may need help covering ongoing living expenses, such as mortgage or rent payments, utility bills, groceries, or other daily necessities. The insurance payout can help alleviate financial strain during a time of grief and adjustment.
Peace of Mind
By having final expense insurance in place, both the policyholder and their loved ones can have peace of mind knowing that financial arrangements for end-of-life expenses have been made. This can help alleviate stress and anxiety associated with planning for these costs and ensure that loved ones can focus on grieving and honoring the memory of the deceased without the added burden of financial worries.
Cash Value Accumulation
Some final expense policies accumulate cash value over time, which can be borrowed against or withdrawn by the policyholder if needed. This can provide a source of funds for emergencies or other financial needs that life throws at you. Call us and we'll explain how it works.
Prompt Payouts
Unlike traditional life insurance policies, which may take weeks or even months to pay out the death benefit, final expense insurance typically pays out quickly, often within a few days of the insured's passing. This allows beneficiaries to cover immediate expenses associated with the funeral, burial, and other end of life expenses.
Fixed Premiums Offer Predictability
Final expense insurance usually comes with fixed premiums that remain the same throughout the life of the policy. Make sure that ask about a "level premium, level death benefit" policy. This predictability makes it easier for policyholders to budget for their insurance expenses. Call The Clowe Agency...we are committed to helping you throughout the process.
Why should you work with The Clowe Agency
Our Trusted Advisors have access to a broad array of insurance companies and products, and can help you with a variety of insurance needs, including Final Expense, Mortgage Protection, Retirement Planning, and more.
Our Trusted Advisors undergo periodic and rigorous Continuing Education training, and are fully recognized by each state as a NIPR™️ Trusted Advisor
Expertise
Our Trusted Advisors are trained professionals who have a deep understanding of the different types of life insurance policies available and can help you choose the one that best meets your needs and goals.
Convenience
Our Trusted Advisors are a more convenient choice than trying to research and compare policies all on your own. We're here to do the legwork for you, comparing quotes from multiple insurance companies and helping you understand the terms and conditions of each policy.
Committed to Service
Our Trusted Advisors provide personalized service and support to help you choose the right policy for your unique situation. We take the time to understand your financial needs and goals, and work with you to find a policy that fits your budget and provides the protection you need.
Final Expense Insurance FAQ's
Who should consider buying final expense insurance?
Anyone who wants to ensure that their loved ones are not burdened with the costs of their funeral and other end-of-life expenses. This can provide peace of mind...knowing these expenses will not be a burden on your loved ones. Most final expense policies can be purchased without the need of a medical exam.
How much does final expense insurance cost?
The cost of final expense insurance will vary depending on factors such as the policy's death benefit, the issuing insurance company, and the insured person's age and health. Final expense insurance is typically less expensive than other types of life insurance because of lower death benefits intended to cover end of life and unexpected expenses.
Can I use final expense insurance for expenses other than my funeral?
YES, final expense insurance can be used to pay for other end-of-life expenses in addition to a person's funeral. These may include things like medical bills, outstanding debts, or other expenses that may arise. Your beneficiary(s) will have the flexibility to spend the money as YOU wish.
How do I choose a final expense insurance policy?
It is important to carefully consider your needs and the options available to you:
Consider the costs associated with your funeral and other end-of-life expenses and determine how much coverage you need to ensure that these expenses are covered.
Allow us to research over 30 different A-rated insurance companies to safisfy your needs and budget. Some insurance companies offer special options for medical challenges (ie, Diabetes, COPD, High BP/ Chlor, etc...). We'll give you ALL the options.
If you have any questions or concerns about a particular policy, please call us for more information. It is imperative to fully understand the terms, riders, exclusions, and other important policy information BEFORE you make a decision.
Can I purchase final expense insurance if I have a pre-existing health condition?
YES, you can purchase final expense insurance if you have a pre-existing health condition. Final expense insurance typically has a lower death benefit and is easier to qualify for than other types of life insurance, most insurance companies are willing to offer policies to individuals who have pre-existing health conditions. However, the terms of the policy may be different if you have a pre-existing condition, and the premium you pay may be higher.
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