Final Expense Policies For Retirees

final expense insurance for retirees

Final expense policies for retirees are both affordable and necessary. You might think it is too late to obtain a final expense insurance policy. However, it is not too late to be approved for a final expense policy. Read more below about what to do when you are retired and looking for a burial insurance policy.

As we age, we naturally become more aware of our mortality. We start to think about our children and grandchildren, and how we want to leave them better off. One of the surefire ways to leave your family worse off would be to make them responsible for $10,000 or more in funeral expenses, medical bills, and debt.

Sadly, this is what many who do not have a final expense insurance policy unintentionally do. Most often, the person simply does not think or know how necessary a final expense insurance policy is. Other times, they believe in the myths surrounding these insurance policies. Others think that they can not qualify for one reason or another. One of the reasons is retirement. Statistically, health problems become more and more complicated as we age. This can lead to an untimely passing. You should not have to worry about the situation you leave behind for your loved ones in your golden years. That is why a final expense policy for retirees is necessary.

Final Expense Insurance for Retirees Is Not Too Expensive

Most forms of insurance can seem overpriced. If you live in Michigan, for example, you might see how expensive your auto insurance rates are and think that all insurance is too pricey. Final expense insurance is specifically designed to be affordable. With the rising costs of funerals, it was important to have a way for everyone to be covered in the certain and unfortunate event of their passing.

If you are currently retired, or if you are about to be in the next 1-5 years, it would be helpful for you to learn more about these insurance programs. If you have experienced any sort of health issue in the past 5 years, it is necessary to investigate final expense policies for retirees.

When it comes to funeral expenses, they have risen above the rate of inflation. Since the 1970’s, the cost of burying a loved one has skyrocketed, with the average funeral price tag at $10,000. This is, however, not the total cost. Other expenses, such as medical bills, credit card debt, rent and mortgage payments, and others must still be paid. Final expense policies from companies like Gerber or Great Western can help your family pay these expenses and more.

Final Expense Policies for Retirees are Available with No Medical Exam

Aging usually comes with more visits to a doctor. Adding a doctor visit to your calendar might not sound appealing. The great thing about final expense policies is that you do not need to schedule a medical exam. You will need to answer some questions about your health history and medications, but that will be done over the phone.

Traditional life insurance policies require medical examinations. Burial insurance works differently. There is no medical exam required for a guaranteed issuance policy from companies such as Gerber or Great Western.

Final Expense Policies for Retirees Provide Peace of Mind

If you are like most retirees, you worry about the future for your children and grandchildren. With the uncertain economic future looming, and no end to the pandemic in sight, the fear for their futures can be overwhelming. One significant way to help alleviate that feeling is a funeral insurance policy.

By ensuring that your final expenses are covered, you will not have to be afraid that an economic crisis will put an undue burden on your loved ones. In addition, you can ensure that your final wishes are carried out properly. Because premiums are affordable, it is a small price to pay for the peace of mind you will receive.

Final Expense Policies for Retirees are Available Now

If you have been on the fence about purchasing burial insurance, the time to act is now. As costs continue to rise for everything, locking in your premium is essential. A Benefit Choice Direct expert can assist you in navigating the process of obtaining a policy that makes sense for you and your loved ones.

Contact us today for a no-obligation quote. We are here to provide you with the smoothest process possible, while keeping you informed throughout.

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