What Does a Funeral Insurance Policy Cover?

“Funeral Insurance” is a general term for coverage options designed for individuals aged 50 and above. Available in various forms and commonly referred to by different names, such as Guaranteed Issue, Final Expense, or Burial Insurance, these plans aim to provide financial security for loved ones upon the insured's passing. Here are some of the important financial obligations this type of plan will cover for your spouse, children and/or grandchildren:

Funeral, Burial and/or Cremation

The National Funeral Directors Association calculates the average burial and funeral costs in the US at of $7,848, and cremation costs of $6,970.*

Medical Bills

Unfortunately Medical Bills can begin to pile up if someone is sick and does not have adequate coverage for medical, hospital, and long-term care costs. Senior life coverage can help pay for some of these costs, often times with no medical exam or health questions to get approved.

Mortgage Protection

This type of Life Insurance can help cover some of your mortgage payments, potentially helping your loved ones avoid the risk of foreclosure or selling the house.

Debts

Final Expense Coverage can alleviate accumulated debts from things like Credit Cards and Car Loans.

As you can clearly see, there are many benefits to a Funeral Life Insurance Policy. Give us a call now or fill out our simple form to find customized, budget-friendly coverage today. Continuing from where we left off: It's fast, free, and there's no obligation whatsoever. Your peace of mind is a click or call away!