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Final Expense insurance is life insurance specifically designed to cover whole funeral expense and any other expenses after the funeral. We are one of the most trusted companies which is providing this insurance for more than a decade. For more details please visit at http://rgpagency.com/final-expense-burial-insurance/
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What is Final Expense insurance? Final Expense insurance is life insurance specifically designed to cover a funeral and any other expenses after the funeral, such as medical bills, legal bills, or any unpaid debts. Seniors over the age of 50 are eligible for “final expense insurance”, which a whole life policy. A whole life policy accumulates cash over time. It’s always best to get a final expense insurance policy when your under 60 years of age, because it locks in the rate for the rest of your life and the rates are lower than when you’re older. The older you are the more expensive it can get. Seniors buy final expense insurance, because they do not want to leave their kids or other family members with the burden of funeral cost or any unpaid medical bills. Final expense insurance are smaller policies that range from $2,500 up to $40,000. The average cost for cremation is between $2,500 up to $5,000. The average cost for a funeral is $7,000 up to $12,000 depending on which part of the country you live in. A final expense insurance policy, you get to choose who the beneficiary is, that is whom the insurance company will draw out the check to. What is a Burial Insurance? Burial insurance is usually what you buy in the funeral home. It is still a whole life policy, but the beneficiary is the funeral home. If you buy a burial insurance policy for $20,000, but the total cost of your funeral is $9,000 the remainder of the $20,000, which in this case is $11,000, will go to the funeral home, it does not go to your family. From personal experience, I’ve seen many families left with unpaid medical bills and legal bills after a loved one’s death, and were left to pay the bills with their own money. Many agents present Burial Insurance and final expense insurance as the same, but there is a blurred line between the two. http://rgpagency.com/final-expense-burial-insurance/
Final Expense vs Burial Insurance. This should not be too difficult to answer. You should be able to decide who the beneficiary is for your final expense insurance. Therefore, after all your expenses were paid, because you planned carefully, the remainder of the insurance money should go to whomever you designate it to. The funeral home should not be entitled to that money. This is just my personal opinion, because I have seen it happen to my family. • 2 Major Reasons People Buy Final Expense or Burial Insurance • The first major reason people buy Final Expense or Burial Insurance is that they have some pre-existing condition that is preventing them from buying conventional term insurance policy. • The second major reason is that the insured wants to make sure he does not leave his kids or family members with the financial burden of the funeral costs. http://rgpagency.com/final-expense-burial-insurance/
How much should my Final Expense Life Insurance Policy be for? Of course, no one ever wants to plan his or her funeral, but it does cost money to die. The most common question we get is, how much should I get? Well, if you want to cremation, the cost can range from $2,500 up to $5,000. Why so much from cremations? Well, many times, families want to hold services before cremating the body, and that cost money. The cost to rent a casket is anywhere between $300 and $800. You also have to pay for the funeral home, where the services are held, before cremation, and that can run between $600 to $1,200. Then there is the actual cremation of the body, which can run from $1,000 to $2,500, depending on where you live geographically.If you want to have a traditional funeral, that can range from $7,000 up to $15,000+ Here is breakdown, prices maybe higher http://rgpagency.com/final-expense-burial-insurance/
CONTACT DETAILS Address: 11088 Task Ave #200, Garden Grove CA 92843 Call: 714-867-6416 Mail Id: support@rpgagency.com No medical exam life insurance, also called simplified issue, offers you the ability to get coverage. We offer term life insurance at affordable price. Get a free quote. http://rgpagency.com/final-expense-burial-insurance/
