As you get older, you have to start thinking about a lot of different things—what kind of cool stuff you’re going to do when you retire, where you’re going to take the grandkids during the summer, how to manage the struggles that come with an aging body, and what needs to be handled financially for your end-of-life expenses, among others. There are a lot of options and parsing out what works, and what doesn’t, based on your needs, your budget, and any other financial planning you’ve already done can be difficult. It’s always a good idea to discuss your options with an advisor you trust who can give you the information you need to make an informed decision.
if you currently do not have life insurance or you can’t afford a standard fully unwritten life insurance policy due to your age and health, then final expense insurance might be a good option for you. Final expense burial insurance is perfect for those who are concerned about burdening their family with funeral expenses, or who want to plan ahead to prepare for their ideal send-off. There can also be living benefits that you can use prior to your death with some policies! Final expense policies may also cover typically excluded populations such as people with COPD, diabetes, previous heart attack, etc. Final expense policies can be tailored to meet most budgetary needs.
Easy to Obtain
A major benefit of final expense insurance is how easy it is to get. Due to the lower payout amount, this insurance plan typically has lower premiums that make it an affordable option for anyone that does not have, or is looking to supplement, life insurance and give their loved ones a little more financial help.
Is it for You?
Whether final expense insurance is right for you depends on your own personal circumstances. If you feel that your life insurance policy needs to be supplemented, or you don’t have one, then this could give your loved ones a financial break while offering an affordable and easy-to-obtain policy for you. Reach out to us today to learn more about the options that may be right for you.
Contact Aging Benefits Advisory Today!
If you need help navigating the world of senior health insurance, our experts at Aging Benefits Advisory are here to assist. Take advantage of our free consultation to ensure that you receive the plan for your budget and needs. We specialize in Medicare Advantage, Medicare Supplements, Dental, Vision, and Final Expense for the senior market of Pinellas County, Pasco County, Manatee County, Hillsborough County, Polk County, Sarasota County, Citrus County, and Marion County, Florida. If you would like a free consultation, contact us online or give us a call at 727-800-4835. For more information, follow us on Facebook, Pinterest, and YouTube.