Written by Option Insurance Group on May 7, 2017 in
    • Final expense insurance is designed to cover the bills that your loved ones will face after your death – think medical bills and funeral expenses. Final expense insurance is also known as burial insurance, since even bare-bones funerals cost thousands of dollars.
    • A final expense life insurance policy isn’t the same as what’s popularly known as “insuring your life.” With term and permanent life insurance, the value of your policy is proportionate to your earning power now and for the rest of your life. With funeral insurance, the value of your policy is proportionate to the expense of your desired funeral. While other forms of life insurance can top a million dollars, it’s rare for final expense insurance policies to get above $20,000.
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