In our golden years it is necessary to plan for the inevitable.  Final expense life insurance is a necessary part of financial planning for the elderly as well as for their families. It is designed to: 

• Cover costs associated with end-of-life expenses such as Funeral / Cremation / Burial.   
• Provide security knowing that your affairs are in order and won’t be the source of additional stress for loved ones.  
• Typically have lower face amounts and lower premiums than traditional life insurance.
  

  4 Reasons People have Final Expense Life Insurance policies:

• Financial Security for Family / Loved Ones: Final expense life insurance ensures that the funeral costs / burial expenses are funded so they don’t have to be paid by your loved ones at an already stressful time. These policies pay the beneficiary or beneficiaries a lump sum and can also provide funds for outstanding debts of the deceased.
• Guarantee Issue, No Medical Exam Requirement: Many final expense insurance policies do not require a medical exam.  This makes for easier to get covered and is a great option for those with pre-existing medical conditions.
•  Affordability: Final expense insurance policies are usually for lower face amounts therefore have lower premiums than other life policies.  Those on fixed incomes often need these lower premiums provided by Final expense life insurance policies. They can select the specific amount of coverage needed for their end-of-life needs.
• Quick Payment of Death Benefit to Beneficiaries: Final expense insurance policies normally pay benefits quicker than some traditional life policies. This is important so funds are available upon death of the insured.
  

  3 Things to Consider When Choosing a Final Expense Life Insurance Policy:

• Coverage Amount: Determine the Face Amount (Death Benefit) needed to provide for funeral expenses.  
• Premium Payments:  Select a Death Benefit and Premium that is within your budget.
• Policy Terms make sure you understand if there are any exclusions or waiting Periods.  Some policies pay reduced benefits for a certain period of time. Other polices will return your premiums paid if death occurs within a certain time.  Therefore, the death benefits could be different (among different policies) if the insured dies in the early stages of the policy.

“I recommend working with an independent agent that can offer different policies in order to find the right policy to fit your needs.  We have been providing Final Expense Life at our family-owned agency since 1977.  These policies provide the needed funds for your loved ones at a difficult time and can relieve your loved ones from this financial burden”.  

–Jeff Goodman / William J Goodman Ltd Insurance Agency Homewood. IL