Silvia Perez Insurance & Financial
Final expense insurance helps your family cover expenses after your death. It covers funerals expenses and left medical bills so that it will be less of a burden to the family financially at the time of your death.
Final expense insurance is also called burial insurance for this matter. This type of insurance aims to provide financial assistance to cover the burial expense of the policy owner due to high-cost of funeral obligations the family needs to face.
Why Do I Need A Final Expense Insurance?
If you are asking yourself the question, maybe it is time to consider. As mentioned, final expense insurance answers to your burial and funeral expense by the time of your death. If you are worried about the high-cost your family will face after all the medical expenses; final expense insurance is the answer.
In any case, you want to have security and assurance that your burial will be covered, the final expense can do the job for you. But, if you are confident that your family has enough savings good to pay your medical bills and cover your burial cost, you can think less about getting the insurance.
Final expense insurance is set to ensure you that your family won’t be suffering to any shocking amount of funeral and burial costs and that they can grieve more peacefully without having to worry about piling expenses.
How Much Final Expense Insurance Cost?
Final expense insurance cost will depend on your age. If you are old, chances are you have to pay bigger premiums. It is because the insurance companies like to secure older people just in case something happens to them. If you are still at least 45, you will have to pay less for the final expense insurance.
The said insurance needs to pay until you reach 75 years of age.
Pre-Paying For Your Burial
Of course, you can also pre-pay for your burial. You can even plan with your chosen funeral directors or hire burial service as early as now. It has a lot of pros because, in this way, your family or loved ones do not have to worry about anything once you passed away. That is less burden for them to think of.
One known disadvantage of pre-paying for your burial is it is less flexible than the burial insurance itself. With the prepaid one, everything is set to any changes that may occur is not covered by your payments.
At Silvia Perez Insurance & Financial Solutions, we aim to provide comprehensive insurance policies that make your life easier. You can get more information about our products and services by calling our agency at (831) 524-8411. Get your free quote today by CLICKING HERE.