Oklahoma
Final Expense Coverage in Oklahoma
A significant number of Oklahoma residents have wisely chosen final expense insurance policies to safeguard their families from unexpected bills upon their demise. These policies offer a moderate death benefit, easing the financial burden associated with funeral and medical bills left behind by the insured individual. If you already possess life insurance, there's no need for concern—final expense insurance can serve as a supplementary policy.
For Oklahoma residents lacking coverage, final expense insurance is a highly recommended and often affordable option.
Understanding Final Expense Insurance
Final expense, commonly known as burial insurance, is a whole life insurance policy that provides smaller death benefits compared to traditional life insurance. Despite the modest benefits, they generally offer sufficient funds to cover final expenses, including funerals, burials, and cremations. Notably, individuals with health concerns can still qualify for final expense insurance due to fewer restrictions and the absence of a mandatory medical exam.
If you are deemed high-risk, final expense insurance is typically easier to qualify for than other life insurance forms. Additionally, as you enter your golden years, final expense becomes an even more viable option. It's essential to note that while final expense may entail higher costs for high-risk individuals, it does not preclude qualification.
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Costs of Final Expense Insurance in Oklahoma
The cost of final expense insurance in Oklahoma varies but typically falls within the range of $30 to $70 per month. Your specific plan and prior health conditions influence the premium. This amount is a nominal expense when juxtaposed with the average cost of a funeral and burial, which can easily accumulate to $12,000. Purchasing a final expense insurance plan is a proactive measure to prevent imposing additional financial strain on your family during their time of need.
To explore available plans for Oklahoma residents, do not hesitate to reach out to an insurance agent today.
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