Are you looking for affordable final expense life insurance to protect you and your family? Are you concerned you haven’t saved enough to cover all of final expenses? Maybe you don’t want to burden your family with your funeral expenses? Regardless of your situation, buying a final expense insurance policy could help solve some of your concerns. In fact, most customers we help plan for their funeral expenses have the same questions and thoughts. The good news, Assurance Life specializes in final expense life insurance for individuals who are wanting to buy a policy to cover their funeral expenses. Of course, final expense insurance policies can be used to cover other things and not just funeral expenses.
Whether you are wanting a policy for your grandchild or looking to purchase a life insurance policy for one of your parents, Assurance Life is here to assist you. Final expense life insurance is also called whole life insurance, burial insurance, funeral insurance and sometimes senior life insurance.
Here are 5 important tips you should follow when looking for affordable final expense insurance plans:
1. Always use an independent broker to help assist you in the process. Don’t buy from a company that ONLY offers ONE price and plan.
2. Only buy a final expense life insurance policy with immediate coverage if possible
3. Make sure the final expense insurance plan you take out is affordable
4. You should buy final expense life insurance when your young
5. Don’t buy final expense insurance through the mail
Always use an independent broker
This one is probably one of the most important tips on the list. Assurance Life always recommends using an independent broker when shopping for final expense life insurance. Regardless if you choose us or someone else using an independent broker just makes sense. First of all, most brokers represent several final expense life insurance companies and not married to one life insurance company. This means when working with a broker it gives you options and options are good. Independent brokers will shop your health conditions against all of the companies they represent to find you the cheapest price.
Assurance Life works with 25 of the best final expense insurance companies in the US. So if you are looking for affordable life insurance you have come to the right place. The other part of puzzle to consider is your health. Your health will determine what type of coverage you will be eligible for. The type of coverage will then dictate how much you will pay also. So we got how important your health is in the equation.
Now let’s take a look at how your health is viewed by different final expense insurance companies. All final expense insurance companies have their own underwriting departments which means they could view your health conditions completely different. So why not use a broker who has access to numerous companies so they can find you the perfect match. Finding the right company who freely accepts your current health conditions could save you thousands in the long run. I can’t stress how important it is to use an independent broker when shopping for final expense insurance.
**** You won’t pay more using an independent broker in fact you will probably end up paying a lot less. Plus, you can’t get cheaper rates going direct because we get the same rates.
Only buy a final expense life insurance policy with immediate coverage (Level Coverage) if possible
This is our goal and it should be yours also. Assurance Life will do everything in its power to get all of our customers approved for final expense insurance with immediate coverage. (no waiting period) In fact, 90 percent of all of our customers get approved for level/immediate coverage. So what does immediate coverage mean? It simply means your policy starts immediately right after you make your first premium payment. So if you were to pass away within a short time after you started your policy, you would be protected.
Most final expense life insurance companies call this type of coverage Level coverage or Preferred coverage. This type of coverage is the best final expense insurance you can buy. If you are looking for final expense life insurance without a waiting period contact us at 800-517-0810 today. Once again, Level coverage is always the goal. However, we have other final expense insurance plans available and some don’t even ask any health questions. Assurance Life has plans available for all types of health issues. So don’t think you can’t qualify for a final expense life insurance policy because of your health, because that simply isn’t true.
Make sure the final expense policy you take out is affordable
First, its important to not take out a final expense life insurance policy if it simply just doesn’t fit in the budget. Life insurance is not one of those products you can purchase and then stop paying months later. Unfortunately, in this situation you would lose all the monies you put in. So its important to find a policy that is affordable and one that fits your monthly budget. Assurance Life always recommends not taking out too much coverage that you can’t handle. Remember, we can always add another policy in the future if you are needing more coverage. Since, Assurance Life has access to over 25 of the top final expense companies in the US, finding you an affordable final expense plan will be a piece of cake. We do this every day and truly enjoy what we do. Companies like Gerber, Aig, Mutual of Omaha and Royal Neighbors of America to name a few.
You should buy final expense life insurance when your young
Obviously, the main reason for this is because life insurance rates are determined by your age. Final expense life insurance is super cheap when you are young. In fact, we help parents and grandparents purchase plans on infants/children all the time. One of the biggest benefits about final expense insurance is your policy can’t be cancelled due to your age or health. So if you purchase a policy when your young and healthy and then later in life run into health problems, it won’t be an issue. You will already have your policy in place and better yet your monthly payment locked in. Another huge advantage to final expense insurance is your monthly payment WILL NEVER increase.
Don’t buy final expense life insurance through the mail
Assurance Life always recommends that you talk to a real person before buying ANY life insurance policies. We all get hammered with life insurance solicitations in our mailboxes. Unfortunately, ALL of them need to go straight in the trash for the most part. Just remember, if these mail solicitations don’t ask any health questions then they ALL will have some type of waiting period. Plus, these type of plans that don’t ask any health questions are the most expensive policies to buy.
You always want someone to ask you health questions because you WILL ALWAYS end up paying less. To often, people who buy life insurance through the mail end up with the wrong plan that doesn’t fit their individual health situations. If you have any questions or you would like to speak to one of our licensed specialist call us at 800-517-0810 and we can help you find the best burial insurance companies that fit your individual needs.