Month: March 2021

life insurance isn't required but it can certainly help protect your family

Is it Required to Have Final Expense Insurance?

You’re absolutely not required to have final expense insurance. However, it may be your best option for coverage if you’re older or have serious health conditions. Life Insurance Isn’t Required, But It’s Helpful No one is legally required to have any form of life insurance, though some loans may include it on their contract for

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it may be limited but you can use FE policies to cover living benefits

Can Final Expense Policies Have Living Benefits?

You can technically use final expense policies to cover living benefits, but with its smaller payout, it may be a bit more limited than other plans—but not impossible. How Final Expense Payouts Work All life insurance policies provide a death benefit, or payout when the policyholder is no longer living. This money will then go

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don't be concerned about the low payouts of FE policies

Three Common Concerns About Final Expense Insurance

Even though final expense is a great insurance option, some people have concerns over the payout, pricing, and eligibility—but there’s an answer to these issues. 1) Low Payouts Compared to Other Plans Like all life insurance plans, final expense provides a death benefit, or payout, to chosen beneficiaries upon the policyholder’s death. You can set

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final expense insurance has a different emphasis than universal life

Final Expense vs. Universal Life Insurance

Each life insurance policy has its own appealing qualities, with different mechanisms in how it works. Some allow you to have a plan that will always stay with you if you pay your premiums, and others have unique investment features that you can take advantage of through the duration of your policy. Here we will

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beneficiaries of an FE policy can use the death benefit for anything

Beneficiaries: What to do with a Final Expense Death Benefit

Did you know that 70% of inherited wealth is lost by the second generation, 90% by the third, and if you spend recklessly enough, 100% within a few minutes? Final expense insurance’s death benefit can be up to $50,000 in extreme cases. At the very least, it’s $2,000. Typically, it’s $5,000 to $20,000. Here, these

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if you or a loved one has racked up debt, consider final expense insurance

Why Would I Need Final Expense Insurance?

Insurance of any kind is optional. But sometimes, what started out as optional becomes the only logical choice. And final expense insurance is no different. Final expense insurance is the way out of burdensome costs that your loved ones have to cover. It’s helpful in other ways, too. Here, we will look at some reasons

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