FINAL EXPENSE INSURANCE

FINAL EXPENSE

Save your Loved Ones the STRESS of Paying for your END OF LIFE Expenses.

✅NO MEDICAL EXAMS

✅PAYMENTS NEVER INCREASE

✅BENEFITS NEVER DECREASE

✅COVERAGE UP TO $50,000

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What is Final Expense?

Final expense insurance is a type of life insurance policy that is designed to cover the costs associated with a person's funeral and other end-of-life expenses. These costs can include things like a casket, burial plot, funeral service, and other expenses that may arise.

What is the Difference Between Term Life and Whole Life Insurance?

Coverage Period

Term life insurance provides coverage for a specific period of time, such as 10, 20, or 30 years. If the policyholder dies during the term of the policy, the policy pays out a death benefit to the policy's beneficiaries.

Whole life insurance provides coverage for the policyholder's entire life, as long as the premiums are paid.

Premiums

Term life insurance premiums are typically lower than those for whole life insurance, because the coverage period is limited.

Whole life insurance premiums are typically higher, because the coverage period is the policyholder's entire life and the policy has a cash value component.

Cash Value

Whole life insurance Has a cash value component that accumulates over time and can be accessed by the policyholder while they are alive. The cash value is invested by the insurance company, and the policyholder can typically access it through policy loans or withdrawals.

Term life insurance Does not have a cash value component.

Death Benefit

Term life insurance The death benefit of a term policy is only paid out if the policyholder dies during the term of the policy.

Whole life insurance The death benefit is guaranteed, and will be paid out whenever the policyholder dies, as long as the premiums are paid.

Flexibility

Whole life insurance typically offers more flexibility than term life insurance, with the ability to adjust the premiums and death benefit to meet the policyholder's changing needs.

Term life insurance is generally less flexible, with fixed premiums and a limited coverage period.

Why should you work with

Erwin Lopez

Has access to a broad array of insurance companies and products and can help you with a variety of insurance needs, including final expense, mortgage protection, retirement planning, and more.

Expertise

Is a trained professional who has a deep understanding of the different types of life insurance policies available and can help you choose the one that best meets your needs and goals.

Convenience

An Advisor can be more convenient than trying to research and compare policies all on your own. An Advisor can do the legwork for you, comparing quotes from multiple insurance companies and helping you understand the terms and conditions of each policy.

Personalized service

An Advisor can provide personalized service and support to help you choose the right policy for your unique situation. They can take the time to understand your financial needs and goals, and work with you to find a policy that fits your budget and provides the protection you need.

Why should you work with Erwin Lopez

Has access to a broad array of insurance companies and products and can help you with a variety of insurance needs, including final expense, mortgage protection, retirement planning, and more.

Expertise

Is a trained professional who has a deep understanding of the different types of life insurance policies available and can help you choose the one that best meets your needs and goals.

Convenience

An Advisor can be more convenient than trying to research and compare policies all on your own. An Advisor can do the legwork for you, comparing quotes from multiple insurance companies and helping you understand the terms and conditions of each policy.

Personalized service

An Advisor can provide personalized service and support to help you choose the right policy for your unique situation. They can take the time to understand your financial needs and goals, and work with you to find a policy that fits your budget and provides the protection you need.

Things worth considering:

Who should consider buying final expense insurance?

Anyone who wants to ensure that their loved ones are not burdened with the costs of their funeral and other end-of-life expenses may want to consider buying final expense insurance. This can provide peace of mind, knowing that these expenses will be taken care of even if you are not around to pay for them yourself.

How much does final expense insurance cost?

The cost of final expense insurance will vary depending on factors such as the policy's death benefit, the insurance company offering the policy, and the insured person's age and health. In general, final expense insurance is typically less expensive than other types of life insurance because the death benefit is smaller, and the policy is intended to cover specific, limited expenses.

Can I use final expense insurance to pay for expenses other than my funeral?

Yes, final expense insurance can be used to pay for other end-of-life expenses in addition to a person's funeral. These can include things like medical bills, outstanding debts, or other expenses that may arise. It is important to carefully review the terms of your policy to understand what expenses are covered.

How do I choose a final expense insurance policy?

When choosing a final expense insurance policy, it is important to carefully consider your needs and the options available to you. Here are some steps you can take to help you choose the right policy for you:

Determine how much coverage you need: Consider the costs associated with your funeral and other end-of-life expenses and determine how much coverage you need to ensure that these expenses are covered.
Shop around and compare policies: Compare different policies from different insurance companies to find the one that offers the right amount of coverage at a price you can afford.
Read the policy carefully: Carefully review the terms of the policy to make sure you understand what is covered and what is not. Pay particular attention to any exclusions or limitations that may apply.
Consider the insurance company's reputation: Choose a reputable insurance company with a good track record of paying claims and providing excellent customer service.
Ask questions: If you have any questions or concerns about a particular policy, don't be afraid to ask the insurance company for more information. It is important to fully understand the terms of the policy before you make a decision

Can I purchase final expense insurance if I have a pre-existing health condition?

Yes, it is possible to purchase final expense insurance if you have a pre-existing health condition. Because final expense insurance typically has a lower death benefit and is easier to qualify for than other types of life insurance, some insurance companies may be willing to offer a policy to individuals who have pre-existing health conditions. However, it is important to keep in mind that the terms of the policy may be different if you have a pre-existing condition, and the premium you pay may be higher. It is important to shop around and compare different policies from different insurance companies to find the one that best meets your needs.

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Final Expense (burial insurance)

Final Expense insurance will cover you for life. Prices are locked and will never increase nor will your policy end. These types of policies are designed to make sure all funeral and other end of life expenses are covered.