Final Expense Insurance, also referred to as Burial Insurance, is a whole life insurance policy that is designed to pay off the expenses families face upon the death of a loved one. This type of insurance ensures your loved ones aren't saddled with debts that can be financially troubling after you pass.
Final expenses include bills associated with medical expenses, funeral or memorial services, and the price of burial or cremation. The average burial in the United States today costs approximately $9,000, and that cost does not include funeral or final medical expenses. Protect your family from facing these expenses alone with an affordable Final Expense insurance policy.
Surprisingly, Final Expense is extremely affordable. Each person's needs are different and customizable. Thankfully, Shiu Group works with over 3 dozen carriers to tailor fit your specific protection.
Final expense coverage is obtained using an insurance product. This product can be applied for without the need of a medical exam. This means you do not have to undergo a physical examination in order to apply for coverage. The best way to find out whether you qualify for a final expense policy is to contact Shiu Group to learn more.
Final Expense coverage varies based on your current age and health at the time you apply. That being said, the sooner you apply, the better.
The answer really depends on what you are trying to accomplish. Some families want to remove financial burdens and leave their loved ones with a replacement of income. Others simply want the financial problem to be solved for the least cost. Regardless of what you need or want, the Shiu Group can answer those questions in greater detail.