Final expense insurance is a type of smaller life insurance policy. It is typically easier to qualify for and more affordable than regular life insurance. Learn more about final expense insurance with InvoBH.
Final Expense Insurance Overview
A burial insurance policy works like many other types of policies:
A final expense insurance policy covers costs your loved ones incur when you pass away, like funeral, bills, or medical debt.
Death Benefit Coverage
A death benefit is the amount your family receives once you pass away. Burial policies are meant to be small, so they only have small death benefits. While a regular life insurance policy may have a death benefit between $50,000 and $1,000,000, final expense insurance policies are typically between $2,000 to $50,000.
Types of Plans
There are different types of final expense plans, which includes guaranteed issue and simplified issue plans.
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Choosing an Agent
An agent can help you choose between the different types of final expense plans. They can also help you understand which plan type works for you and which companies have the best reputations. At InvoBH, we understand that protecting your loved ones is a serious matter. We can help you guarantee that your loved ones will be financially protected after your passing. Contact us to learn more about your options today!