Your comprehensive guide to final expense insurance in the USA

Final expense life insurance, also known as burial insurance or funeral insurance, is a type of life insurance policy designed to cover end-of-life expenses. If you're considering final expense life insurance but have questions, this guide provides answers to some frequently asked questions:

What is final expense life insurance?

Final expense life insurance is a type of whole life insurance policy specifically designed to cover the costs associated with end-of-life expenses, such as funeral and burial costs, medical bills, and outstanding debts. It typically offers coverage amounts ranging from a few thousand dollars to $25,000 or more.

How does final expense life insurance work?

With final expense life insurance, policyholders pay regular premiums, and in return, their beneficiaries receive a death benefit upon the insured's death. The death benefit can be used to cover funeral and burial expenses, as well as any outstanding debts or other financial obligations. At New Horizon Life Insurance, we deliver final expense insurance in the USA that ensures peace of mind.

What are the benefits of final expense life insurance?

Final expense life insurance offers several benefits, including:

• Peace of mind: Knowing that your loved ones will have financial assistance to cover your final expenses can provide peace of mind.
• Simplified underwriting: Final expense policies typically have more lenient underwriting requirements compared to traditional life insurance policies, making them more accessible for older individuals or those with health issues.
• Fixed premiums: Premiums remain level for the duration of the policy, making it easier to budget for the cost of insurance.
• No medical exam required: Many final expense policies do not require a medical exam for approval, making them a convenient option for individuals who may have health concerns.

Who should consider final expense insurance in the USA?

Final expense life insurance may be suitable for individuals who:

• Want to ensure that their final expenses are covered without burdening their loved ones.
• Are unable to qualify for traditional life insurance policies due to age or health issues.
• Have limited savings or assets to cover end-of-life expenses.
• Want to leave a financial legacy or inheritance to their beneficiaries.

In conclusion, final expense insurance in the USA provides a valuable safety net to ensure that your loved ones are not burdened with the financial costs of your final expenses. By understanding the basics of final expense life insurance and considering your specific circumstances and needs, you can make informed decisions to protect your family's financial future.

How do I purchase final expense life insurance?

Get in touch with us at New Horizon Life Insurance, and our experts will assess your coverage needs, compare policies, and navigate the application process. Avail of burial insurance in the USA today.