Final Expense Solutions in The "Show Me" StateFinancial worries are a common concern for every family. However, with proper preparation, the end of your life doesn't have to burden your loved ones with excessive money stress. In Missouri, thousands of individuals turn to final expense insurance to address these concerns and cover the costs associated with their funeral, burial, or cremation.Understanding Final Expense Insurance
Final expense is a modest permanent life insurance policy that allows policyholders to purchase coverage ranging from $2,000 to $50,000. This coverage assists in paying for the expenses tied to final arrangements and end-of-life costs. Upon your passing, your beneficiaries receive the death benefit as a cash payment.
The flexibility of final expense insurance allows beneficiaries to use the money as they see fit or adhere to your documented plans. Any remaining funds after covering funeral services can be utilized for medical bills, debts, living expenses, and more, according to the discretion of your loved ones.
Benefits of Final Expense in Missouri
When you invest in final expense insurance, the benefit can be tailored to your needs within the qualifying range. Many policyholders opt for coverage exceeding $10,000 to address funeral costs. In Missouri, the average cost of a funeral with burial is $7,270, and a full-service cremation averages $5,951. The surplus funds remain in the hands of your beneficiaries, ensuring that any coverage beyond funeral expenses can be retained or used in the best interests of your loved ones.
Even if you already have term life insurance, final expense can be a valuable addition. Policies are available at affordable rates, starting as low as $40 per month based on age, sex, and health. The application process is simplified, requiring only a health questionnaire with no need for a medical exam. Even individuals with serious health concerns have the option of guaranteed issue final expense policies, accepting all applicants without health questions.
How to Purchase a Policy in Missouri
When aiming to safeguard your family financially, insurance is a reliable avenue. Final expense insurance provides an affordable investment to offer your loved ones relief during a stressful time. Explore your burial insurance options by speaking with the agents at Senior Life Solutions, specializing in matching seniors with the coverage they need. Call us today at 800-548-3249 for your free quote.