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Sample Rates for Final Expense Senior Plans

A final expense program for the elderly is a type of life insurance plan that provides enough money.

To pay for a person’s final expenses, including the cost of burial and funeral. Given plans can provide guaranteed approval for anyone who meets the age requirements.

Sample Rates for Final Expense Senior Plans

Rates start at $ 7.49 per month. (The $ 7.49 fee is for a $ 2,000 benefit for women, 50-year-old non-smokers, good health)

Senior Care Insurance Plans

Our SENIOR CARE plan is a FULL LIFE insurance that will help you pay FINAL EXPENSES. And give you and your family rest. Your family may not be able to contribute between $ 8,000 and $ 12,000 toward unexpected end-use costs.

Hence, it makes sense to get a low-contribution monthly plan that pays just $ 7.49 / month. to include these expenses ($ 2,000 benefit for women, age 50 = $7.49 / mo.

Sample_Rates_for_Final_Expense_Senior_Plans
Sample Rates for Final Expense Senior Plan

GUARANTEED LIFETIME if they are in good health at the time of insurance purchase). The best part is that once you buy the policy, the PRICES FOR LIFE are SET. So the younger you start. The cheaper and cheaper it will be.

For example, it’s only $15 to $25 per month for a 50-year-old to get a final expense policy (with the fixed price for the rest of their life). However, if they wait until they are healthy in their 70s instead of 80, the cost is much higher as you can see open care senior plan below.

Final Expense Insurance for Seniors

If we are not old and taking care of children or paying for a house, we are told to buy term life insurance. This benefit will cover our families if we pass away, and that is the only time we really need coverage.

We are informed that, ideally, we should have paid our children at the end of the term. We should also pay for our house. Additionally, we will have had time to pay debts and save savings for retirement.

Well that’s great, except life doesn’t always work that way. The savings we save pennies don’t go as far as we think. Some of us lost our jobs and had to take out a second mortgage, so we still owe our house.

Few of our kids did not take off as fast as we thought they would, and we may even have them and their own children, depending on us. Also, we think it would be nice to leave something to them if we pass away, and we certainly didn’t want that something to be a funeral bill and other debt.

Burial Insurance Plans

Final expense insurance is sometimes referred to as a funeral policy. Basically, it is a comprehensive funeral insurance that has been designed for people of middle and older age.. The face value is quite low, typically $2,500 to $25,000, so the premiums are mostly in budget and the application process is short and painless.

The Simplified Issues Guidelines pose very few health questions, so seniors with some health concerns can also qualify. Guaranteed issue policies don’t raise health questions at all, but they may not offer an immediate death benefit and are more expensive.

Check if you can qualify for simplified issue burial insurance plans. Don’t sell yourself out and buy the first guaranteed issue policy you see on TV! The Simplified Issues Guidelines raise very few health issues, so seniors with some health concerns can also qualify. However, if you can’t qualify for a simplified emissions policy, buying a guaranteed emissions policy is not risky

Funeral Insurance Policy

Most policies do not pay the full face value before a waiting period of 24 to 36 months, but instead pay all premiums with interest if the insured person dies before that date.

Do you think you and your parents need a final expense policy? Well, if you and your children have a lot of cash in the bank, you may not have it. A funeral can cost somewhere $8,000 and $11,000 or more, so imagine that someone will have to pay as a big expense during a stressful time.

Beyond the funeral, your family may have to consider travel expenses, medical bills, and other debts. These funeral insurance policies can provide the cash to ease that burden, at least.

  • Sample Rates for Final Expense Senior Plans Quotes.