Burial Insurance Plansįinal expense insurance is sometimes referred to as a funeral policy. Also, we think it would be nice to leave something to them if we pass away, and we certainly didn’t want that something to be a funeral bill and other debt. Some of us lost our jobs and had to take out a second mortgage, so we still owe our house.įew of our kids did not take off as fast as we thought they would, and we may even have them and their own children, depending on us. The savings we save pennies don’t go as far as we think.
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Well that’s great, except life doesn’t always work that way. Additionally, we will have had time to pay debts and save savings for retirement. We are informed that, ideally, we should have paid our children at the end of the term. This benefit will cover our families if we pass away, and that is the only time we really need coverage. If we are not old and taking care of children or paying for a house, we are told to buy term life insurance. However, if they wait until they are healthy in their 70s instead of 80, the cost is much higher as you can see open care senior plan below.īelow table is a guide to understand the monthly finale expense rates: Age The cheaper and cheaper it will be.įor example, it’s only $15 to $25 per month for a 50-year-old to get a final expense policy (with the fixed price for the rest of their life). The best part is that once you buy the policy, the PRICES FOR LIFE are SET. GUARANTEED LIFETIME if they are in good health at the time of insurance purchase). Sample Rates for Final Expense Senior Plan
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to include these expenses ($ 2,000 benefit for women, age 50 = $7.49 / mo. Hence, it makes sense to get a low-contribution monthly plan that pays just $ 7.49 / month. Your family may not be able to contribute between $ 8,000 and $ 12,000 toward unexpected end-use costs.
#OPEN CARE FINAL EXPENSE PLANS FULL#
Our SENIOR CARE plan is a FULL LIFE insurance that will help you pay FINAL EXPENSES. Get Compare Rates Quotes Senior Care Insurance Plans