Guaranteed Life Insurance Plans Help Provide for Costly Final Expenses
Final Expense Insurance is a type of funeral expense life insurance policy designed to cover the cost of your funeral or cremation expenses when you die. Because many people don’t realize that funerals can cost upwards of several thousand dollars, they don’t often think about planning ahead. This type of situation can sometimes lead to a financial hardship on families or loved ones who must cover the costs.
Burial insurance policies can vary between life insurance companies, so you may find it offered in the form of a term policy or whole life policy. Generally speaking, the death benefits for burial insurance are low, ranging anywhere between $5,000 up to $25,000 (although some insurers may offer higher limits). After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner. For example, if you have a $15,000 burial insurance policy and funeral expenses came in at $10,000, your beneficiary might choose to use the additional funds to pay for other final expenses such as outstanding medical bills, legal costs, or any other outstanding debts you may owe.
Final Expense Insurance is a type of funeral expense life insurance policy designed to cover the cost of your funeral or cremation expenses when you die. Because many people don’t realize that funerals can cost upwards of several thousand dollars, they don’t often think about planning ahead. This type of situation can sometimes lead to a financial hardship on families or loved ones who must cover the costs.
Burial insurance policies can vary between life insurance companies, so you may find it offered in the form of a term policy or whole life policy. Generally speaking, the death benefits for burial insurance are low, ranging anywhere between $5,000 up to $25,000 (although some insurers may offer higher limits). After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner. For example, if you have a $15,000 burial insurance policy and funeral expenses came in at $10,000, your beneficiary might choose to use the additional funds to pay for other final expenses such as outstanding medical bills, legal costs, or any other outstanding debts you may owe.
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Why Guaranteed Issue Life Insurance vs. Other Insurance Types?
Your Acceptance Is Guaranteed
If you are between 50 and 80 years old, you are guaranteed acceptance, regardless of your health history.
No medical exams to complete or lengthy health questionnaires to fill out.
Choose the amount of coverage you need from $5,000 to $25,000.
The longer you own the policy, the more cash value your policy accumulates.
Interested in learning more about life insurance, but not sure where to start?
There are a few main types of life insurance you’ve probably heard about:
Term Life Insurance
Covers you and your family for a specified period of time, or “term”. Many people choose this policy if they want coverage while they have a mortgage, or until small children are grown. The policy terminates when the “term” ends (in 10, 20 or 30 years).
Whole Life Insurance
Covers you for your “whole life”, meaning it has no term limits and as an added bonus, it can build cash value.
Both Term and Whole Life insurance policies require some medical information to qualify.
Guaranteed Life Insurance
Is a whole life insurance policy you’re guaranteed to qualify for if you’re between the ages of 50 and 80. No medical questions or exam needed.
You may be wondering if Guaranteed Life is the way to go, and if you’re a senior (or aged 50+ so not yet a senior), it’s a great option for more reasons than one.
It’s easy to apply and there is no uncertainty involved—coverage is guaranteed. No medical exam is required, and the only condition for a Guaranteed Life policy owner is that you are between 50 and 80 years old.* That’s it!
You can choose from a variety of coverage amounts, ranging from $5,000 to $25,000. **Even better: Your premiums will never increase. The amount you pay once coverage begins is the exact amount you’ll pay throughout the duration of your policy, period. Unless you decide to increase your coverage or modify your payment plan, you’ll never have any unpleasant surprises.
Not only will Guaranteed Life Insurance give you a choice of coverage amounts, it’s an investment in the future and in yourself. Like all whole life plans, Guaranteed Life builds “cash value”, which is money set aside by the insurance carrier. The longer you own the policy, the more cash value grows. You can access the cash value if it’s ever necessary or you can let your cash value grow.
There are a few main types of life insurance you’ve probably heard about:
Term Life Insurance
Covers you and your family for a specified period of time, or “term”. Many people choose this policy if they want coverage while they have a mortgage, or until small children are grown. The policy terminates when the “term” ends (in 10, 20 or 30 years).
Whole Life Insurance
Covers you for your “whole life”, meaning it has no term limits and as an added bonus, it can build cash value.
Both Term and Whole Life insurance policies require some medical information to qualify.
Guaranteed Life Insurance
Is a whole life insurance policy you’re guaranteed to qualify for if you’re between the ages of 50 and 80. No medical questions or exam needed.
You may be wondering if Guaranteed Life is the way to go, and if you’re a senior (or aged 50+ so not yet a senior), it’s a great option for more reasons than one.
It’s easy to apply and there is no uncertainty involved—coverage is guaranteed. No medical exam is required, and the only condition for a Guaranteed Life policy owner is that you are between 50 and 80 years old.* That’s it!
You can choose from a variety of coverage amounts, ranging from $5,000 to $25,000. **Even better: Your premiums will never increase. The amount you pay once coverage begins is the exact amount you’ll pay throughout the duration of your policy, period. Unless you decide to increase your coverage or modify your payment plan, you’ll never have any unpleasant surprises.
Not only will Guaranteed Life Insurance give you a choice of coverage amounts, it’s an investment in the future and in yourself. Like all whole life plans, Guaranteed Life builds “cash value”, which is money set aside by the insurance carrier. The longer you own the policy, the more cash value grows. You can access the cash value if it’s ever necessary or you can let your cash value grow.
"Just One Less Thing to Worry About..."
JB Insurance Solutions, Inc
1 Mandarin Terrace, Safety Harbor, FL 34695
727-724-9451 Phone
727-754-5325 Fax
1 Mandarin Terrace, Safety Harbor, FL 34695
727-724-9451 Phone
727-754-5325 Fax