Life Insurance Buying Tips

What is Final Expenses Insurance?

Filed under: life insurance — Alston @ 3:02 am April 21, 2011

Final expenses insurance is a type of life insurance that is designed to pay for one’s final expenses. These expenses can include the cost of a funeral and unpaid medical bills.

These life insurance policies are usually whole life policies. They are typically purchased by seniors, but many younger people also purchase these policies.

The monthly cost for these policies is often quite low. However these policies often cost more per thousand dollars of coverage than other policies.

Be sure to check other options before settling on a final expense or burial policy. You may have enough insurance without purchasing an additional policy. Your family may have access to other assets at the time of your demise.

Insurance to pay for your final expenses can be important. However, be sure to shop around for the best option.

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