
A final expense/burial insurance policy is a product designed to be used for burial and the funeral services when the named insured dies. This type of policy helps ease the the financial burden the family.
Although the policy is called final expense insurance it is the same as a traditional whole life policy except that the amount of the coverage usually between $3,000 upwards to $30,000 in value.
A final expense policy is a traditional life policy and the named beneficiary can and may use the proceeds for other then what you intended them to use it for. It is important to trust the person that you have designated as the beneficiary to use the proceeds as they were intended. You may also choose to have the beneficiary be an established funeral home and have the arrangements worked out with them in advance.
We represent many of the companies doing business in Florida that specialize in final expense/burial policies and that offer such products as guaranteed issued insurance where you cannot be turned down for coverage, graded products which has a waiting period for full benefits and immediate issue policies. One of our associates would be able to assist you in finding the right coverage and at a price you can afford.
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