The kids are out of college. The house is paid off. As you cross many of life’s biggest expenses off your list, you may not need as much life insurance coverage as you once did to protect your family. But final expense insurance can help with one cost that everyone still needs to cover: their burial. Sure, we know thinking about your own funeral isn’t pleasant. For your family, though, final expense insurance can help them avoid even more unpleasant financial issues after you’re gone. The average cost of a funeral can be $10,000 or more, and end-of-life expenses like medical bills can push that number even higher. For many people, a final expense policy is an affordable way to earmark money specifically for those costs. Here’s a closer look at how it…

As you’ve probably realized over the last few weeks, the COVID-19 pandemic is completely changing the way we live our lives. While we’re facing many unknowns in the coming months, making sure you have the right life insurance policy in place can take away some of the stress and worry about the future. Here are a few tips on life insurance for seniors to get you started. Senior life insurance is more affordable than you think There’s a big misconception that life insurance in general, but especially life insurance for seniors, isn’t affordable or even accessible. But this notion simply isn’t true. If you’re a senior without life insurance, take heart, because there’s a policy for every situation and budget. Whether you want a lot of coverage or a little,…

The kids are grown, the mortgage is paid off, and you’re finally entering those long-awaited golden years. Should life insurance still be in the picture – and do you even still qualify? Buying a life insurance policy ensures that you have financial security and peace of mind as you get older. After you’re gone, your loved ones receive a cash payout that can help pay for things like day-to-day expenses, end-of-life costs, credit card or other debts, and even long-term care if you develop a serious medical situation. As a senior, you might not have many of the expenses that require life insurance, but there are still reasons to get insured. Your need for coverage depends on your circumstances and those you are leaving behind, not how old you are. You most…

Who is a beneficiary / benefactor is someone who receives assets at your death, such as a death benefit from a life insurance policy. You'll probably be asked to select a beneficiary if you have one of these kinds of accounts: ... Individual retirement accounts (IRAs), 401(k)s, and other retirement accounts. Life insurance policies. Why Choose a Beneficiary? There are several reasons for choosing a beneficiary to receive your assets after you die. Clarity By assigning a beneficiary, you make it clear who should receive your assets in the event of your death. This eliminates any questions or disputes among remaining family members and friends who might argue that you would have wanted somebody else to receive the assets. Speed Choosing a beneficiary also speeds up the process of distributing assets after your death.…

Life insurance is one of those subjects that can make many of us pretty uncomfortable. We spend a lot of time trying to find ways around it instead of acknowledging the peace of mind it could bring to us and our loved ones. Final expense life insurance may be particularly difficult to talk about, because even though it’s usually less of a financial commitment, it requires you to think about your own funeral directly. Be honest with yourself…have you ever:a. Tried to convince yourself that while you think it’s a good idea for other people, YOU don’t really need to consider life insurance, not even enough to cover final expenses? a. Tried to convince yourself that while you think it’s a good idea for other people, YOU don’t really need…

That may seem like a no brainer but you would be surprised the vast majority of individuals don’t take steps into finding funeral insurance until it's to late. Which unfortunately sticks, more often until than not, their family and loved ones with the bill. The fact that you are even reading this article to gain more knowledge puts you ahead of the game.  Nobody wants to leave their family with the ‘bill’ to address funeral and final expenses. Lucky for you, we have taken the legwork out of it and will help lead you through the process to find the best type of funeral insurance for you. In the event you’d like to speak with an agent simply call us at 888-502-5367.  We’d love to discuss what options you may have available…

By Anthony Goel & Sean Grant Guaranteed issue policy providers will not care for the mildness or severity of your cognition loss arising from dementia. They will underwrite your risk with no health-related questions asked. They will also not require your medical records, prescription history, or phone interviews. These insurers will not conduct a medical exam either. A guaranteed life insurance policy will effectively be a whole life policy. Thus, it will remain graded during the first two years for natural death. Most companies offer these policies with waiting periods ranging from two to three years. No death benefits will be payable should the insured pass away during the waiting period. As mentioned earlier, if the insured passes away during the waiting period, the beneficiary will receive the sum of…

By Anthony Goel & Sean Grant Burial Insurnace cost are going up honey.... People with dementia or Alzheimer’s disease often feel that no insurance company will issue a new burial insurance policy or any type of life insurance to them. However, nothing could be further from the truth. For the uninitiated, dementia denotes a severe medical condition that reduces a person’s life expectancy significantly. For this reason, most insurers treat people with dementia as underwriting risks. Having said that, people afflicted by this condition can still obtain burial insurance andFurneral insurance coverage. Life insurance with Alzherimer’s or Dementia can be challenging.  We have helped hundreds of families secure a final expense insurance policy for their loved ones who have Alzheimer’s or Dementia.  Call us at 888-502-5367 and let one of…