Final expense insurance and burial life insurance come in different flavors. It is important to know how to buy final expense insurance online or you might choose the wrong company and/or product that does not meet your specific need. This article addresses the various steps to help you gain the knowledge you need to find the best final expense insurance for you.
How to Buy Final Expense Insurance
The first step when deciding to buy final expense insurance is to decide from the best final expense companies the one that meets your needs. There are several factors to consider when deciding which company is best for you. The most important factor is whether or not you can qualify, which will depend on the type of final expense insurance you are considering.
The next step is deciding what type of final expense insurance to buy. Final expense is life insurance. Life insurance is typically either whole life or term life. Whole life last the rest of your life and term life last for a period of years. You can buy fully underwritten life insurance, simplified issue life insurance or guaranteed issue life insurance. Which type of final expense insurance is for you will depend in large part on your health. That is why the next step is making a proper assessment of your health.
The third step is determining what you can and cannot qualify for. If you are relatively healthy than choosing a fully underwritten policy would be best. However, if you have had some health issues in the past than you will most likely need to consider a simplified issue policy. Finally, for those who have had a serious disease or who are currently battling a serious disease (such as cancer, heart disease, Alzheimer’s, or Parkinson’s disease) than a guaranteed issue final expense policy will be the best (and probably only) choice.
Once you have determined what you can qualify for then the fourth step would be to apply for the life insurance with an agency such as JustBuryMe. We work with over 60 different life insurance companies who specialize in all types of life insurance products. We can help you choose the best company for you based on your specific need.
Once you have chosen the right company and the right product then you need to determine how much coverage you need. Most people looking for burial insurance ask “How much final expense insurance do I need to pay for my funeral?” How much coverage you need or want must be weighed against how much you can afford. The key is to find the right policy that fills the need without breaking the bank. We can help you by offering multiple quotes of various face amounts so you know exactly what you are getting.
The final step in how to buy final expense insurance is to apply for the life insurance. Depending on the type of policy you chose you could be approved within 72 hours. A fully underwritten policy will take longer and a guaranteed issue policy will take very little time at all. In the end, it comes down to your need and what you can qualify for. That is where we come in.
JustBuryMe is an insurance agency that focuses entirely on burial and final expense insurance, period!
Our primary goal is to help you secure the coverage necessary so that you can get on with your life with the peace of mind knowing your family will not be left with unnecessary financial hardship due to your advanced planning.
Give us a call today to find out the great burial or final expense plans your qualify for. We are here to serve!