Who Benefits From a Final Expense Life Insurance Policy?
Funerals are expensive events these days, and without an affordable term life insurance policy, your beneficiaries may not be able to give you a fitting farewell. If you have a substantial term life policy or any other kind of traditional life insurance, a part of it should easily be able to cover your final expenses. If not, you may need to make final expense life insurance an important part of financial planning. This insurance policy is also recommended if you can’t qualify for traditional term life insurance because of factors such as ill health, lifestyle habits, or because you are deemed high risk or non-insurable by life insurance companies. It is a permanent life insurance policy, and the face value is typically lower than traditional policies. How does a final expense insurance policy help? A final expense policy will cover funeral costs of the insured. In addition, policy death benefit can be used for paying off other things such as your unpaid mortgage and loan amounts, medi
