As you enroll in Medicare, you may also be thinking about other types of insurance coverage you may need. Medicare Simplified KC can help you find coverage for these additional services as well.
Final Expense Insurance
Final expense insurance is a policy used to pay for burial expenses and funeral services when the insured individual dies. These policies can help ease the financial burden a family may experience when a loved one dies.
Cost:
A wide number of factors can affect premiums, including your age, health status, and coverage amount. In general:
- Burial premiums are fixed, which means they remain the same even if your health deteriorates.
- Coverage amount can range from a few thousand dollars to around $25,000, depending on the plan.
- Premiums are generally lower if you are younger when the insurance is purchased, and premiums tend to increase over the age of 60.
Coverage:
As with cost, you have a wide range of benefit choices available. In general:
- Coverage can include the casket, funeral service, visitation/view, hearse, digging and filling of the grave, the cemetery plot, burial vault or grave liner, minister, headstone, flowers, and other directly related expenses.
- Usually available up until the age of 100 of the insured.
Have more questions about final expense insurance? Contact us.
