Life Insurance for Funeral Expenses

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.

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One Response to “Life Insurance for Funeral Expenses”

  1. DELRAY EDINBERRY says:

    HI , MY GRANDPARENTS HAVE MOVED TO NEW ZEALAND AND ARE NOW NEW ZEALAND RESIDENCE. MY GRANDMOTHER IS 85 AND GRANDFATHER 86. THEY ARE BOTH STILL VERY FIT AND STILL VERY MUCH SANE, BUT WE DO NEED TO PREPARE FOR THE INEVITABLE. I WOULD LIKE TO KNOW WHAT THE COST OF BURIAL WOULD BE FOR THE BOTH OF THEM

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