Senior life insurance is often referred to as Final Expense Insurance, Burial Insurance, or jokingly as Casket Insurance. Throughout this post we will refrain to this plan as Final Expense.
Final Expense Life Insurance is the ultimate way for people to create immediate liquidity to cover the expenses associated with death. These plans are only available up to age 85, good health or bad health qualifies for coverage and can be made affordable for any budget range.
Final Expense is a permanent life insurance meaning it does not expire and your monthly premiums never increase. Typically Final Expense is Purchase by seniors to cover their funeral expenses, medical bills, debts and much more, so no burden is left behind to their love ones.
In addition your friends and family won’t have to worry about raising funds via Go Fund Me because you weren’t prepared.
If you are between the ages of 50 and 85 then you are a perfect candidate for Final Expense insurance. The best part of these policies is that you do not require a medical exam even if you have a pre existing condition.