There will come a stage in each person’s life where they should be making sure that proper preparations are in place for their eventual death. Upon death, there are often large expenses relating to funeral and burial arrangements, that, if not planned for in advance, can leave a financial burden to those left behind. Most people do not want to leave behind high bills to those they love. This is where selecting a good funeral insurance company can help. They can rest assured that their final expenses are covered.
What Is Final Expense Insurance?
Many people do not realize just how expensive funerals can be. They can range between $5,000 and $12,000, or even more. It is difficult enough for loved ones left behind to deal with their grief, but tossing on the tab for expensive final arrangements will just make things worse for them.
A final expense insurance policy allows all of these expenses to be taken care of. In fact, to make things even easier for those left behind, an individual can contact a funeral home and pre-plan their funeral. They can make sure all the arrangements are taken care of and that their final wishes are in place. Then they can get a quote from the funeral home and search for a final insurance policy that covers their final wishes. In this way, not only is the financial burden lifted, but loved ones do not have to deal with the added stress of planning and arranging a funeral.
The final expense policy is paid on out the individual’s death and can even be paid directly to the funeral home.
Qualifications Related to These Policies
Any person can buy final expense insurance, however, they are most often purchased by seniors who often do not have any other life insurance coverage. Typical life insurance policies are usually more expensive, and especially if they are “no exam” policies, which is often what a senior will be looking for because they may have some health complications at this stage in their life.
The 10 Best Funeral Insurance Companies
With more than 130 years of experience related to the insurance business, this particular company offers outstanding quotes related to final expense policies.
Lincoln Heritage is a very well-known firm that still offers an outstanding reputation when it comes to final-insurance policies. They are also a company that has been highly recommended by the BBB (Better Business Bureau).
Securus Final Expense
Also well known for being one of the best funeral insurance companies, Securus Final Expense provides diverse final expense insurance policies. Also, this company is popular for being one of the industry favorites for many years.
This company offers a policy without a medical exam and offers coverage to a maximum of $50,000.
This firm offers specific packages that cover all aspects related to funerals and final expenses. One of their popular policies includes the Silver Premier Final Expense policy.
American Income Life
This final expense insurance firm provides extremely affordable plans that are designed with the American average income in mind.
NGL Insurance Group
This final expense insurance company provides unique and personalized services. Recently this company has boasted about their 99% claim percentage associated with their current client base.
Columbian Financial Group
Over and above the death benefits, the Columbian Financial Group provides a cash value on individual policies that the policyholder is allowed to borrow against.
Canada Protection Plan
The Canada Protection Plan is another fantastic funeral insurance company that does not require a medical exam plan that is offered to individuals that do not have either the resources or the time for these matters, but who are interested in purchasing a final expense insurance policy.
This extremely well-known funeral insurance firm is very popular and recognized in the different insurance industries. StateFarm provides final-expense coverage for individuals who are between the ages of fifty and eighty and offer policies up to $250,000.
Start your free funeral insurance quote and get quotes from these and other companies.
Death is inevitable. Planning for the day when it happens can be the last gift you give to your loved ones. It will give you a sense of peace knowing that you are not leaving this world with a big bill being passed on to those you care about. There are many companies today offering these policies, which gives you the opportunity to shop for the one that is right for you.