The costs for burial and final expenses are increasing.  What can you do? Many baby boomers may have to contend with the issue of costs of their burial and of final expenses once they are gone. If you have not gone over your estate and your final expenses yet, that is something you may want to consider. You may find that your current life insurance is not enough to cover all of the expenses that will be incurred.

Burial expenses nowadays are nothing like they were ten or so years ago- they much more costly. The current cost for a funeral can range between $8,000 and $10,000 and this is for an average funeral. Fortunately, final expense insurance is available at affordable prices to help baby boomers ensure that their family members don’t have to take on a financial burden during a time of grief.

Plan in advance and protect your family. Final expense life insurance takes care of your burial and final costs of your estate. It is whole life insurance also known as permanent insurance so it won’t expire and the premiums remain level for the rest of your life. You can keep it for the remainder of your days to make sure your family is protected from the burden of your final expenses.

Take the first step by getting a free quote so that you can make a decision about what insurance is right for you. Get started and protect your family today.

As we age, there comes a point when we start to consider what will happen when we die. Although you might not want to think about it, planning for funeral and final expenses is a necessary part of your financial plan as you get older because no one wants to leave a burden to their family. A life insurance policy for funeral expenses is an affordable and easy way to set aside funds for your family to pay for your final expenses.

A simplified issue whole life insurance policy is typically what is used to set aside money for a funeral. These policies are issued for ages 50 to 85 and the face values range from $3,000 to $50,000. The rates are affordable and there is no medical exam necessary. There is an application which consists of a set of yes or no health questions. In most cases, if you can truthfully answer no to the questions, you can be approved. You can even obtain coverage if you have some health issues such as high blood pressure, cholesterol, or even some heart problems. If you have major health problems then you can still obtain coverage with a guaranteed issue life insurance policy.

Because it is whole life insurance, your premiums are level for life, and your policy will build cash value. Your beneficiary can take the policy to the funeral home at the time of your death and plan the funeral around the amount of coverage that you have. A simplified issue life insurance policy is the easiest way to provide you and your family some peace of mind that your funeral expenses will be covered when the time comes.

Get a free quote and give you and your family the peace of mind that only comes with proper planning.

A simplified issue life insurance policy is a life insurance policy that does not require a medical exam. This can be term life or whole life. You obtain coverage by completing an application, which typically consists of a set of yes or no health questions. Once you submit your application, it is reviewed by underwriters who check your medical records as well as your prescription history. If approved, your coverage starts immediately. In some cases, you can print your policy off from the privacy of your home without ever seeing or speaking to an agent.

What is the benefit of a simplified issue life insurance policy?

The biggest benefit is that there is no medical exam, so these types of policies are usually approved faster. Depending on your age and health, you can get up to $500,000 of term life insurance without an exam or $100,000 worth of whole life insurance. For those who want coverage quickly without having to endure a physical, a simplified issue policy is a good choice.

What are some disadvantages of a simplified issue life insurance policy?

If you opt for a policy without a medical exam, then be prepared to pay more for your coverage. Because the life insurance carrier is not fully evaluating your health through a physical exam, they are taking a higher risk when extending coverage to you. Because of this, the premiums are higher. A simplified issue life insurance policy also has a smaller face value than you could get if you went through a complete medical exam. Another disadvantage is that you have to be generally healthy to qualify for a simplified issue policy. If you have some serious health problems or pre-existing conditions, like heart disease, cancer, or diabetes, then you are better off getting a policy that requires an exam.

The first step is to shop around and compare rates from several carriers. Get a free quote online for simplified issue life insurance today, and compare multiple policies from top rated companies. If you have some questions about what type of coverage you need, or if you want to obtain rates over the phone, you can call 1-877-801-4402 to speak with an experienced insurance professional.

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