When you pass away, the last thing your family needs to be worried about is how they're going to finance your funeral and burial costs. Final expense insurance can provide them with peace of mind during a difficult time. Here are some conditions that may indicate you should consider the best final expense insurance plans in New Jersey.
Your family has grown:
When you’re older, your family may not depend as much on your income, and you may not have as much life insurance as when you were raising a family or paying off a mortgage. Upon your death, all your family needs is the cash to pay for immediate expenses like funeral and burial—which final expense life insurance can cover.
You’ve pre-existing health conditions:
Many insurance companies offer final expense life insurance—a type of policy that provides coverage for funeral and memorial costs—without requiring you to take a medical exam. Final expense life insurance is easy to qualify for and simple to comprehend, and your policy won't be terminated as long as you pay your premiums on time.
You’re looking for affordable coverage:
Final expense insurance is a type of life insurance that is more affordable than many other types of life insurance, and premiums don't increase over time. Unlike traditional life insurance policies, the face value (death benefit) of a final expense insurance can be comparatively small, but so are the resulting premiums.
Pros of Final Expense Insurance:
In a nutshell, final expense insurance can be beneficial for older people and other individuals who do not wish to undergo a physical exam. The policy with cash value offers additional benefits to everyone. Here are some of the pros of Final Expense Insurance plan:
Insurance plans are extensively available, even to applicants with health concerns
- No medical test is required
- Fixed policy premiums
- Guaranteed death benefit
- The policy will never expire as long as you keep paying the premiums.
- When you pass away, your beneficiaries receive a death benefit that can be used for any purpose and is not taxable.
Looking to buy the Best Final Expense Insurance plans in New Jersey? We are here to help you find the right final expense insurance plan. We want to make sure you get the best value for your money. For more information, feel free to reach us at (732)860-0410.