What is a Final Expense Insurance? What does it cover, how much is the cost, and where to take out life insurance? Today, we will tell you.
Final Expense Insurance or whole life insurance is also called burial insurance. It furthermore:
• Solve the issues of the future from today
• Ensure the well-being of your family
• Being supported in the most challenging moments is essential
Benefits and Coverage:
• You will be covered during your trips abroad
• In the event of accidental death, your beneficiaries receive double the contracted amount
• Immediate validity from your hiring
• No medical studies or documents
Why protect yourself?
With Final Expense Insurance, your family will have the necessary support in the most challenging moments of life.
In the USA, only 4 out of 10 people prevent funeral expenses. Having Final Expense Insurance will help your family cope with the costs generated as a result of death.
Give financial peace of mind to those you love the most.
In the event of death by accident, the Final Expense Insurance is designed to pay your beneficiaries to double the contracted amount.
Don’t leave your family helpless.
Hiring funeral services for immediate use can cost around $ 35,000. Support your family’s finances with Final Expense Insurance.
How much will they receive?
This example is illustrative considering that your insured sum is $ 100,000. Your beneficiaries will receive:
In case of death from Illness: $ 100,000
In case of accidental death: $ 200,000
What should you consider?
You must take into account the characteristics and requirements when hiring for Final Expense Insurance.
Characteristics:
• Exclusive service for customers by invitation
• You can hire it in our Call Center and ATMs
• Annual validity
• Automatic renewal up to 99 years
• At any time, you can cancel your insurance if you no longer require the service
Requirements:
To purchase the Final Expense Insurance, you need to be between 18 and 60 years old.
Why appoint your Final Expense Insurance
Final Expense Insurance is insurance contracted to protect loved ones in a possible tragedy financially. In simple terms, it is a protection that people hire if they sadly die. Suppose it is a cause covered by insurance. In that case, the family or previously defined beneficiaries automatically receive compensation, giving them peace of mind and financial stability in the face of the loss. The amount received is agreed upon between the person who hires it and the insurance company.
Generally, people who take out life insurance are financially responsible for others, such as children, partners, grandchildren, or even parents.
All life insurance covers death due to natural or accidental causes and depends on the insurance company you contract with. It is possible to add 2/3 disability, accidental disability, medical expenses, among others.
What types of life insurance are there?
There are several types of life insurance with different characteristics and purposes.
How do I know which life insurance I should take out?
As with most insurance, this is a very personal decision. However, there are specific questions mentioned by the Commission for the Financial Market (CMF), which can guide you in choosing the insurance you need.
• Are you looking to provide income for your family for a certain period when you are gone?
• Would you like your children to be able to finish their studies with peace of mind in case you die?
• Is your purpose that your beneficiaries have the peace of mind that if you die, they will have an amount that will allow them to pay debts?
• Do you want your beneficiaries to have money to pay your final expenses or debts such as medical services, funerals, etc.?
• Would you like to have insurance that allows you to have money for when you retire?
The answer to these questions is a Final Expense Insurance that will give you an idea about which insurance is best for you to hire.
