Final Expense/Funeral Coverage Is Essential

Permanent and Term Life Insurance offer a wide range of options. One of those options is final expense insurance. Having one of these insurance plans can significantly benefit your family when you’re no longer here to provide for them financially. 

Final expense is a type of permanent life insurance that can be used to cover funeral costs, medical bills, and anything else left behind by the deceased. Like with any insurance policy, the coverage and usage vary from state to state.Here in Texas, a final expense policy can help family members pay down mortgages, cover debts, or even make car payments. With that in mind, these policies are a great idea to have if you’re worried about your family’s financial situation and don’t want to leave them in a bind when you’re no longer around to help.

Funeral Costs Can Become Taxing

worrying about is the cost of a funeral
When a family member passes, the last thing you want to be worrying about is the cost of a funeral. Many people aren’t aware of just how expensive these ceremonies can be. A basic funeral can cost upwards of $1000, and that’s before any additional services, such as hiring a hearse, flower cars, or any other amenities.

This can be a significant financial burden for families during what is already a stressful time. We believe when a family member dies, they deserve the best arrangements. You shouldn’t have to sacrifice how you bury a loved one because of financial restraints.

With that in mind, everyone’s situation is different, and you need to be sure you have the right policy for you and your family. Life insurance offers two policy types; Permanent and Term Life. Depending on your family and its need will depend on which of these policies is best suited.

Of course, funeral costs aren’t the only expense you’ll have to worry about. In addition, replacing a lost income due to a loss in the family can be incredibly difficult. That is why having a life insurance policy is so important. If you’re hoping to protect your family members from debt and financial struggles, contact Golden Plan Choice and see how we can help.

What Is Final Expense Insurance?

Final expense insurance is just as essential
When many people are looking for insurance coverage, their first thought is to seek out life insurance. While this type of blanket coverage is vital for everyone, final expense insurance is just as essential.

This type of coverage is a type of whole life insurance policy. This means that it doesn’t have a set term and will last the entire policyholder’s life. These types of plans include a small death benefit and are usually easier to get approved for compared to other coverage types.

Traditional life insurance and final expense insurance are similar but have a few key differences. These plans are geared for older policyholders, unlike traditional life insurance, which is for people of any age. Also, final expense insurance is better for helping families cover their loved one’s end-of-life costs.

Not Just Burial Insurance

final expense plan
Final expense insurance is often referred to as burial insurance. However, this term undersells all the great benefits associated with these great plans. Of course, this type of coverage is excellent for families that need help with funeral costs, but the protection doesn’t stop there.

One of the most significant advantages of choosing a final expense plan is the protection it gives your family from your debt. Medical bills can pile up when you become more advanced in years. If you don’t have the right insurance plan, your family could be stuck paying off these substantial medical bills when you are gone.

These plans can also cover auto loans and credit card debt. Your sudden demise will be hard enough on your family without leaving them in a hole financially. Therefore, choose a final expense insurance plan and save them from taking on your debt.

Getting Older Is Hard

Getting Older Is Hard
As people age, they can often find themselves in difficult situations. Medical bills and other expenses can quickly add up, and it can be hard to know what to do. This is where final expense insurance comes in.

This is the insurance you need to help you pay for your end-of-life expenses, giving you peace of mind knowing your family isn’t left financially burdened. Nobody wants to think about their eventual passing, but it is necessary for your family’s sake.

If you don’t know what type of plan is best for your situation, our expert team is here for you. We would love to talk to you and help ease your fears because you deserve to have peace of mind when it comes to your insurance.

Our Experts Can Help

You don’t have to go through this process alone. Our expert insurance agents are here for your every need and will ensure you get the best plan for you. We have detailed market analysis available to all our insurance specialists, giving them an edge over agents at other companies.

This means that we know how to find detailed coverage for you that doesn’t break the bank. The premiums of each of our plans differ and are determined by your circumstances. We will learn all we can about your specific needs when you call, and you can expect specialized coverage instead of a one size fits all solution.

Golden plan choice doesn’t see you as a way to increase our bottom line but as part of our family. Therefore, no matter what delicate information we learn about your situation, we will treat you with the respect and dignity you deserve.

Transparency matters to us here at Golden plan choice. Therefore, we offer all of our potential clients free quotes on all of our services. Receiving an estimate will better prepare you for your eventual coverage plan, and it is great to know what you’re looking at.

Our goal is to help you make the most informed decision possible when choosing our services. We aren’t in the insurance business to take advantage of you but to truly help you find great insurance at an unbeatable price.

Reach Out To Us Today!

Our team would be happy to discuss your options over the phone. Give us a call today to schedule a consultation. We look forward to providing you with more information to help you make a confident decision on your insurance policy. Therefore, don’t go one more second without final expense insurance; call now!