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Final Expense Life Insurance – Washington DC

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Life Insurance For Final Expenses –Everyday families are faced with the difficult task of saying goodbye to loved ones. Did you know that according to the National Funeral Directors’ Association - as of January 2013 the national median cost of an adult funeral with vault costs $8,343.00 with additional expenses? Additional expenses can include a cemetery plot. Many funerals exceed $10,000.00 dollars and that’s before any outstanding debts or medical bills.

Funeral Costs Continue to Increase

Planning your funeral requires a careful consideration of all your final needs. Consider how you want to be remembered, where your final resting place should be, whether you wish to be buried or cremated and what type of casket or urn you prefer. A funeral director will give you a list of the services and products that it provides. The value of your final expense life insurance policy should cover the expense of the package you choose, plus any additional costs.

The most basic, economical option is generally an immediate burial plan. An immediate plan may include a modest service at the graveside and a simple casket. The expense of a viewing is not included in most immediate burial policies. The costs of the plot, a headstone and flowers must be paid for separately and should be included in the estimate of your final expense.

A traditional full service option, including a viewing, a hearse, a formal ceremony and entombment and cremation is more costly than an immediate or direct package. When you consider the costs of a package, you must take every extra expense into account in order to arrive at an accurate estimate of your financial expenses.

Don’t Leave your bills behind for family members to pay

Like most, you probably do not want to leave these financial burdens to your loved ones. Proceeds from a final expense life insurance policy pass to your beneficiary at the time of your death to help cover funeral or burial expenses, unpaid medical bills or other costs. Speak to us today to find out how one purchase can lead to a lifetime of peace of mind.

Unexpected costs can create a financial burden on family members, making this time even more difficult. Planning your funeral arrangements or how your loved ones will pay for your final expenses is not typically at the top of anyone’s to-do list. But could your family pay for these expenses without sacrificing their retirement and savings? If you’d like the comfort of knowing you are not leaving a financial burden to your family, plan for these costs by purchasing life insurance. A policy can protect your family from spending their hard earned savings on your final expenses. These whole life insurance policies offer you and your family lifetime protection with rates that never increase.

You’ll never have to worry about losing coverage. Even if your health conditions changes your rate is guaranteed for the rest of your life. An income tax free death benefit, money that passes to your beneficiary is generally income tax free. No required medical exams. Applying for one of these whole life insurance policies is quick and easy. Simply answer a few medical questions on the application with guaranteed qualification. Every applicant can qualify for coverage.

Policy Benefits

These polices offer accelerated benefits for terminal illness. If you are diagnosed with a qualifying terminal illness these policies with advance you a portion of the death benefit. The policies include coverage for children and grand children.

Here’s a list of the benefits these policies offer all of these great benefits and they’re surprisingly affordable:

Lifetime Protection

This is permanent whole life protection. The amount of your death benefit does not decrease as you get older. And, as long as you make your premium payments when due, you cannot lose this valuable protection because you get older or because your health changes.

Rates that Never Increase

The affordable monthly rate you start at will be the same monthly rate you’ll pay for the life of the policy. Your rate will not increase with age or changes in health.

Income Tax Free Death Benefit

Money passes to your beneficiary income tax free.

No Medical Exams

Your acceptance is based on the information you provide on your application. Depending on the policy, you will only need to answer a few medical questions on the application. There are no costly or embarrassing physical exams to take. Issuance of policy may depend upon answers to medical questions.

Guaranteed Qualification

We represent guaranteed issue insurance carriers so contact us and we will find you coverage.

Terminal Illness Accelerated Benefit

The Accelerated Benefit Payment Rider is included at no additional cost on most final expense polices. With this benefit, if the insured is diagnosed with a qualified terminal illness that results in a life expectancy of 12 months or less (24 months or less in IL, MA, and TX), the insurance carrier will advance up to 50% of the death benefit payable under the policy. The available benefit will be reduced by the amount of any
outstanding policy loans, and will not exceed $15,000. The minimum accelerated benefit is $1,000 (state variations apply). This is not available in all states.

Coverage for Children and Grandchildren

The Children’s Term Rider varies across final expense polices and generally provide term life insurance coverage on eligible children and grandchildren. Coverage amount ranges from $1,000 to $5,000 and lasts to the Insured’s age 65 or the child’s age 23, whichever is earlier. Then it may be converted to an individual policy. Eligible children must be a child, stepchild, legally adopted child, or dependent grandchild of the Insured. Grandchildren must reside with the Insured and appear as a dependent on the Insured’s federal income tax return. This is not available in all states.

Here’s an example: John is a 60 year old non-smoker who would like to purchase $10,000 dollars worth of final expense protection. For $43.68 a month or a $1.46 a day he can have $10,000 dollars worth of coverage. This will more than pay for the cost of an average funeral at a rate that will never increase.

Benefit Information for Washington DC Residents Only

Many seniors receive cards in the mail and do not have a dedicated amount of money that can be used to pay for their funeral or final expenses. It’s possible they’ve recently checked into the pricing on what they currently have and want to see if they can find more benefits than what they currently have in place. Or they might want to leave behind a legacy like income for a surviving spouse, money for grandkids, or to a charitable organization or church.

If you have received a card in the mail titled Benefit Information for Washington DC residents only, rest assured it’s not a scam. It’s one of many ways I reach out to pre-qualified seniors looking for final expense life insurance or a simple burial plan. We can sit down with you and show you what final expense life insurance program you can qualify for based on your age and health. In fact, we here at LifePolicyShopper just contracted with one of the very best low cost leaders in the industry and we are now able to provide these savings to residents of Washington DC.

These programs have the following guarantees

1. First Day Coverage. You are fully protected the very first day your coverage goes into effect with no exclusions and no waiting period.
2. Ease of issue. No physical exams.
3. Your premiums will never go up. Lock into a rate at your current age and the cost will never increase regardless of changes to your health and age.
4. You benefits will never go down. Regardless of changes to your health and age.
5. All programs build cash values.
6. The benefit is paid to your beneficiary tax free on the worst week of their life.
7. Your policy can never be cancelled as long as premium payments are made.
8. This is a protected asset that you will never be forced to liquidate.

Contact us and apply today

Applying for one of these policies is simple and fast. Call us today and we will help determine which type of coverage you may qualify for, the amount you need and then help you complete an application. Benefits can be different depending on your state. We can explain what’s available to you. Provide your family with the gift of a plan. To make sure you get the most death benefits for the dollar spent, be sure to visit us at Virginia Senior Benefits and Family Care.

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