Final Expense
Simply put a Final Expense policy will ensure that the costs associated with a funeral and burial or cremation costs are covered and not left in the hands of the surviving family to deal with along with the grief and sadness of losing their loved one. Final Expense insurance can provide many who have been denied for traditional coverage with the opportunity to obtain financial protection for their funeral expenses.
This insurance is typically sold to seniors either as a stand-alone policy or in addition to their other life insurance policy, that way the final expense insurance goes directly towards paying the funeral expenses and leaves the life insurance in tact to do what they intended it for.
Term Life
Term life insurance covers you for a period of time for example 10 or 20 years and pays benefits only upon death during the time of coverage. Term life insurance is a basic and simple form of life insurance, and is often referred to as temporary insurance. Most people buy term life insurance to replace income that would be lost if a wage earner passed away. Term life insurance proceeds are tax-free, and can play a role in estate planning, cash accumulation, retirement funding, and the transfer of wealth to beneficiaries. A basic term life insurance policy is one of the most affordable policies on the market today and proceeds are not taxable to beneficiaries. How much and for how long the term all can be answered by contacting our office to assist you in your decision.
**Not Connected with or endorsed by the United States Government or the Federal Medicare Program