Final Expense Information
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Final Expense & Burial Insurance
New Jersey Area Senior Final Expense Insurance
Don't pay expensive funeral and burial costs out of pocket. The average cost of a basic funeral in the U.S. is now over $7,000. In New Jersey, New York, Connecticut, Pennsylvania and other surrounding areas these costs can easily climb to $10,000 or more. The right Final Expense insurance policy can pay for this and even help pay off medical and legal fees too. To get an idea of how much it may cost you for this special coverage, click here for up-to-date rates.
Final Expense coverage takes away the worry. Since Social Security pays just $255, it's really up to you. Get added peace of mind knowing you won't be leaving this financial burden behind for your loved ones to handle. Give us a call at 877-790-7310 for a free, no obligation consultation to get a full understanding of what's available for you.
By taking just a little time now, you can put in place the right coverage - your way - that will last a lifetime! You can even set it aside a little extra to be left for those special people in your life. Best of all, they'll usually get it tax-free. To start with a quick quote, click here to see what works for you.
Typically, Final Expense coverage is set up with a $10,000 benefit, but you can get plans that go to $25,000 or more. This is Whole Life coverage that can last a lifetime, builds cash with premiums and benefits that will stay locked-in. During your free consultation with a licensed specialist, we will work with you to get you approved with a top-rated company, for the best policy at the best price for your situation. There are other plan benefits and options that you may qualify for as well. Ask us how when you call today at 877-790-7310.
What are Final Expenses?
Your Final Expenses may include:
- Basic funeral service fees $2,195
- Metal Casket $2,000 and up
- Transfer to funeral home $350
- Facilities for ceremony and viewing $925
- Embalming $750
- Hearse $350
- Printed materials/program $150
- Burial plot $1,500 and up
- Headstone and marker $250 - $6,000
total as listed is $8,470
Keep in mind that these are not all of the possible final expenses, since the ones listed above may not reflect your personal situation. This estimate is for a standard funeral with a burial, but would be different if you were to choose cremation as an option. Other Final Expenses could include medical bills, probate fees, travel, cleaning out the house and other costs. Don’t leave this important part of your family’s planning to chance. Call us today, so that we can help you find the best Senior Final Expense Burial insurance policy coverage for your situation. You'll get your important questions answered, and best of all, we offer rates that fit many types of budgets, including people living on a fixed income.
If you already have Final Expense insurance coverage, it may no longer cover everything according to your plan. So, be sure to speak with us about your policy's coverage. Your only cost for speaking to us is a few minutes of your time. We are here to help. You can reach us toll free today at 877-790-7310.
How does Final Expense Insurance work?
The Final Expense product is specially designed for the senior market.
Typically, those applicants who have controlled high blood pressure or high cholesterol can get approved.
Coverage can be made to diabetics and others as well.
There are no medical exams.
Premiums will not go up and benefits will not go down for life as long as proper payments are made into the policy.
Final Expense Insurance at a Glance
- The Final Expense product is specially designed for the senior market.
- Affordable rates.
- The benefit typically gets paid tax-free to the beneficiary.
- Provides a lifetime benefit, as long as coverage is maintained.
- There are no medical exams.
- Typically, the applicant who has controlled high blood pressure or high cholesterol will get approved for coverage.
- There are ways to get accepted, even for persons with more serious impairments, such as insulin-dependent diabetes.
- Coverage available up to $35,000 or more in most States.
Are there different kinds of Final Expense Insurance policies?
Yes. There are two types:
Guaranteed Issue – no medical questions are asked, but it does come with more restrictions.
Simplified Issue – some questions are asked, with less restrictions, for those that are more reasonably healthy.
What are the benefits of a Final Expense Insurance policy?
- It usually gets paid tax-free to the beneficiary.
- Takes away the financial stress, allowing family and friends to focus on what’s most important – grieving a loss.
- Those who take advantage of these policies know that they will not be leaving this financial burden behind to their family.
- Can build cash value over time.
- Many plans come with built-in no cost riders, with other options available.
At Community Assurity Group, we've got you covered!
Loved ones should have time to grieve without the added pressure of going into debt paying expensive funeral costs. We offer flexible terms, with a money-back guarantee during the first 30 days of coverage. Ask us how.
We work hard to find you the best price, along with approval from a highly rated company, to meet your funeral expense needs. Once this necessary coverage is put in place, you can have peace of mind knowing that your loved ones will be protected in the future. You can then continue to live your best life. Give us a call at 877-790-7310 to get started today!
Why Do I Need Final Expense Insurance?
Final Expense insurance keeps your loved ones from being overwhelmed with funeral expenses and other related costs, once you pass. It can also help with unpaid fees or bills along with providing a tax-free benefit to those you hold dear.
What makes Final Expense Insurance or Burial Insurance different from regular Life Insurance?
Standard Life Insurance can often require medical exams and placed other conditions on an applicant that may make getting acceptance a challenge for those who have medical issues. This is often a concern for the senior population. Final Expense/Burial Insurance takes this into account ahead of time, making acceptance as well as affordability of coverage a reality for seniors.
Can Life Insurance Be Used for Funeral Expenses?
Certainly, life insurance can be used for anything a beneficiary wants to use it for, including funeral costs. The goal of any life insurance policy is to leave money behind to loved ones after the insured passes away, in order to help with important expenses. Often however, those who purchase life insurance have different goals in mind, which may not include final expenses, such as funeral or burial costs. Final Expense makes certain funeral and/or burial costs are covered.
Is there a difference between Final Expense and Burial Insurance?
These terms can be used interchangeably. Both will cover the costs of a funeral, and both can be setup to cover the additional costs left behind when someone passes away. This type of coverage is also commonly referred to as funeral or funeral expense insurance.
What is Covered by Burial Insurance?
Burial insurance helps cover the cost of funeral expenses such as cremation or burial services.