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Final expense insurance is a contract between you and insurance provider where you pay a monthly premium and they will protect your family members from the additional expenses of the funeral ceremony. These plans are also known as funeral expense plans or burial expense plans.

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Presentation Transcript
what is final expense insurance

WHAT IS FINAL EXPENSE

INSURANCE?

Final expense insurance is a contract between you and

insurance provider where you pay a monthly premium and

they will protect your family members from the additional

expenses of the funeral ceremony. These plans are also known

as funeral expense plans or burial expense plans.

why should you have a final expense insurance

WHY SHOULD YOU HAVE A

FINAL EXPENSE INSURANCE

There are various benefits of having a final expense

insurance including:

❖ You can choose your preferred funeral type and funeral home

❖ Funeral ceremony takes place as per the wish of deceased

❖ Funeral homes receive the payment directly

❖ Family members don’t need to pay for anything

types of final expense insurance

TYPES OF FINAL EXPENSE INSURANCE

Final expense insurance offers a range of policies including:

❖ Standard Burial Plan

Under the standard burial plans, you get an ordinary burial service with

a basic casket at the graveside and the loved ones would have to pay

for the costs of the cemetery plot, flowers, headstone, a wake

ceremony and other funeral-related expenses.

❖ Full-Service Funeral Plan

These plans come with comprehensive benefits along with providing

the cover for basic funeral expenses. Under these plans, you get a cover

for the costs of a casket, headstone, cemetery plot, flowers, hearse,

entombment, transportation and a memorial ceremony.

maximum coverage amount

MAXIMUM COVERAGE AMOUNT

Funeral expense plans are known for providing a suitable coverage as

per the requirements of the policy buyer. Depending on the type of

funeral, wake ceremony and other preferences of the policy buyer, the

insurance providers offers a suitable coverage amount maximum up to

$100,000 to cover all their expenses.

HOW ARE THE PREMIUMS DECIDED?

Insurance premiums are decided on the base of various factors such as

whether you want to be buried or would prefer a cremation service.

Whether you want a wake ceremony after the funeral or wish the

relicts to be scattered in a lake. The factors will have a role in deciding

the desired amount of coverage required and the premium will be

decided depending on the desired coverage amount.

what is aarp

WHAT IS AARP?

American Association of Retired Persons (AARP) isn’t exactly an

insurance company. They are a non-profit organization that helps the

retired people to choose the most suitable insurance plans for them.

However, they don’t do it for free and often the premiums get little

higher.

ADDITIONAL FEATURES IN FINAL EXPENSE INSURANCE

Some insurers also provide additional features or benefits under a final expense life insurance for seniors that include:

No Age Bar: There is no age bar for buyers and people of any age can buy a final expense insurance.

No Medical Exams: The medical history of buyer doesn’t have to much here and the patient with a terminal disease also can

easily get funeral coverage plan without undergoing any medical examination or medical underwriting.

No Waiting Period: Most of the insurance plans have no waiting period and come in to effect as soon as the insured buys a

policy. This means the insured is eligible is to get the coverage instantly after buying the insurance.

how to make a claim

HOW TO MAKE A CLAIM

Loved ones or the beneficiary of the insured can make a claim in the

following three ways:

Information: The beneficiary or loved ones need to inform the

insurance provider about the death of the insured as soon as

possible.

Death Certificate: The loved ones or the beneficiary may also

need to produce the death certificate provided by the concerned

hospital.

Proof of Relation: The beneficiary may also need to prove their

relation with deceased before the insurer directly pays to the

funeral home where the funeral is scheduled to happen.

exclusions in final expense insurance

EXCLUSIONS IN FINAL EXPENSE INSURANCE

The insured may not receive the cover for final expense if you

Die a natural death within 2 years of the buying the policy. A full refund of premiums will be provided to

the beneficiary.

Suicide within 2 years of buying the policy

Misrepresent the required information to the insurance provider

If the policy becomes void except for the case of fraud, you will get a refund of all the premiums made from

the effective date of the policy.

get insurance at best prices

GET INSURANCE AT BEST PRICES!

Optinsure is known for providing cheap final expense insurance quotes from a range of reputed and

trusted insurers and allows the buyers to compare them for their benefits. Contact us to avail top

insurance quotes easily and choose a cheap funeral insurance plan as per your coverage requirements.

Website:

https://www.optinsure.com

Tel:

+1 (908) 232-9968

Email:

quote@optinsure.com