If you are looking to buy final expense life insurance, the process can be explained in two steps: select a company, then choose a plan that fits your needs and budget. But it may not be as simple as you think. That’s because not all burial insurance companies operate in the same manner. Plus, some companies may have better benefits while others may pride themselves in their customer support.
Funeral expense insurance policies can have different terms, such as permanent premiums or premium rates that increase as you age. You can shop around for final expense insurance quotes from your home.
You may even be able to apply directly through one of many final expense insurance companies’ websites. However, it may be a good idea to check customer reviews before buying a policy.
Here are a few tips you can use while you compare final expense insurance policies:
· Verify the company has a license to sell insurance in your state
· Check out company reviews on unbiased third-party websites, like the Better Business Bureau
· Get multiple final expense insurance quotes from several companies to compare
· Do not give out your Social Security Number, bank account, or financial information for a quote
· Do not pick a policy with a premium you cannot afford
Getting final expense insurance online may be convenient, but you may be able to better understand the organization and who your family will work with if you call companies. You can also talk to an insurance broker, who serves as a middleman between you and the insurance companies.
If you’re in need of final expense insurance for seniors, the policy that is right for you is one that has affordable premiums that never increase. Also, you may be better off with a policy that has benefit payouts that are not a hassle for your loved ones to claim.
What could be better than final expense insurance for seniors by seniors? American Association of Retired Persons (AARP) is a nonprofit senior advocacy group that focuses on the needs of those older than 50. The company partnered with New York Life Insurance Company to create an exclusive life insurance program for its members – meaning you must be an AARP member to enroll in the program.
The AARP-endorsed program is a life insurance program that has burial coverage options. AARP burial insurance payout amounts depend on the specific policy you choose.
The Lincoln Heritage Funeral Advantage policy is another plan that offers insurance for funeral costs and nothing more. Since it is only funeral expense insurance, you do not need a health examination.
Colonial Penn burial insurance is a part of the company’s Guaranteed Acceptance Life Insurance plan. The company advertises it will not turn you down for any health reasons. You do not need a physical or even to answer health questions.
Whether you are paying burial insurance premiums or want to save a nest egg, you might consider reevaluating your budget to save for final expenses.
By Admin –