Final Expense Information
Final Expense Insurance – Frisco, Plano, Dallas, Allen, McKinney, Texas
What is final expense insurance?
Losing a loved one can be an overwhelming experience with decisions to be made regarding funeral plans. Final expense insurance covers the funeral costs of the departed, which saves family members from the stress of a large expense.
Final expense insurance vs. life insurance.
Similar to final expense insurance, life insurance also pays the beneficiary upon the death of the insured. However, there are significant differences between these policies.
Life insurance often requires a medical exam and can be denied if an applicant has a preexisting chronic condition. A life policy is purchased for high dollar amounts, often beginning at $10,000, which makes the premiums higher.
There is no medical exam required for final expense insurance. Most applicants are qualified after answering a health questionnaire. The face value of a final expense policy is much smaller than traditional life insurance policies, which results in a lower premium.
What are the benefits of final expense insurance?
Final expense insurance can help your family when they need it most. Here are a few benefits to purchasing a final expense policy:
- It is designed to pay out immediately.
- Rates never increase, and benefits never decrease.
- Most people can easily qualify.
- It is a more affordable alternative to life insurance.
If you are not sure whether final expense insurance is for you, we can answer your questions. Call us today, and we can help you protect your family’s future.
You can email Buckley Insurance Agency or call us at 469-388-1443. If you are ready to begin your quote use the quote form above.
Thank you for your interest in Buckley Insurance Agency, proudly insuring our Frisco community and communities throughout the Dallas area.