Who can get a plan?
Most individuals between the ages of 50 and 85 can qualify for a final expense insurance policy. Some policies may require a medical exam, but many plans can be purchased without the need for a medical exam or extensive underwriting.
Who may need a plan?
Final expense insurance is a good option for individuals who want to ensure that their loved ones are not burdened with the high costs associated with their final expenses. It’s particularly important for individuals who may not have a large estate or other assets that can be used to cover these costs.
What does a plan cover?
Final expense insurance policies typically provide coverage for funeral and burial costs, including things like caskets, urns, burial plots, and funeral services. Some policies may also provide coverage for outstanding medical bills, credit card debts, or other debts that may be left behind.