What You Can Get From Final Expense Insurance

​When you are retired and don't have family members who are dependent on you, life insurance won't be the best choice for you. It may be difficult to accept, but death is inevitable, and it will entail a lot of payments for funeral arrangements. To ensure that you have the funds for your funeral, you can get final expense insurance. What is final expense insurance, you say? Well, continue reading and find out.

All About Final Expense Insurance
This policy is a type of permanent life insurance but includes end-of-life expenses, like medical bills and funeral costs. Final expense insurance never expires and will continue to cover you as long as you pay the premiums. Unlike other insurance policies, this type will not require much research and investigation. Beneficiaries will only need to answer a few questions to get insured. 

There are two kinds of final expense insurance:

1. guaranteed issue life insurance: some questions to prove that you don't have a terminal illness
2. simplified issue life insurance: a more detailed and specified medical questionnaire to fill out, but no medical exam

What can I get from final expense insurance?
Though the final expense insurance is meant to pay for funeral expenses, the beneficiary can do whatever they want with it. If you get this specific insurance, you will have to name a person as a beneficiary. They will get the money when you die and can then use it to pay for all the funeral plans. 

You also have an option to designate a funeral home as a beneficiary instead of another individual. They will receive the money and will use it to cover the expenses of the funeral. This method is very convenient, but before deciding to do so, you will need to check with the intended funeral home. Not all funeral homes will accept such an assignment.

Here are some advantages of getting final expense insurance:

• Affordable
• Beneficiaries can use the money not only for funeral and burial costs but also other necessities. If there is money left after spending for the funeral, they can use it to pay for their everyday living or even for college.
• Eliminates the hassle of planning the funeral and worrying about the expenses

If you still have questions regarding not only this but any insurance that you might want to get, contact Paul Barrett Insurance Services now. They may be able to answer your queries and can help give you a clearer perspective on the policy that you need. 

At Paul Barrett Insurance Services, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (631) 358-5793 or Click Here to request a free quote.