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Final Expense Life Rates

Final Expense Life Rates

The average final expense policy costs between $30 and $70 a month and depends on your age, gender, health, amount of coverage, and the life insurance company you choose open care senior plans.

Final Expense Life Rates

Final_Expense_Life_Rates
Final Expense Life Rates

Share. Final expense insurance is designed to cover the bills your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as burial insurance. Unfortunately, even basic funerals can cost thousands of dollars.

Final expense insurance must be permanent life insurance, specifically for life; otherwise, don’t waste your time and money. There are certain insurance companies that market to seniors who offer term life, rather than whole life.

The main problem is that the term policy will increase the premiums every five years. Also, the open care senior plans insurance policy ends at a specific age, such as age 80.

So what ends up happening is that you buy the policy thinking it’s permanent, only to find that your premiums are going up and that it ends at age 80. Or worse, you don’t find out until your open care senior policy expires and you end up wasting all your money on a term policy.

  • Final Expense Life Rates and Review Here.