Final Expense Information
Welcome to The Ascension Group! Our specialty is ascending the protection level of all the families we work with. With over 17 years of experience in this industry we work hard to find the right plan or policy for you and your family.
What is final expense insurance?
Losing a loved one can be an overwhelming experience with decisions to be made regarding funeral plans. Final expense insurance covers the funeral costs of the departed, which saves family members from the stress of a large expense.
Final expense insurance vs. life insurance
Similar to final expense insurance, life insurance also pays the beneficiary upon the death of the insured. However, there are significant differences between these policies.
Life insurance often requires a medical exam and can be denied if an applicant has a preexisting chronic condition. A life policy is purchased for high dollar amounts, often beginning at $10,000, which makes the premiums higher.
There is no medical exam required for final expense insurance. Most applicants are qualified after answering a health questionnaire. The face value of a final expense policy is much smaller than traditional life insurance policies, which results in a lower premium.
What are the benefits of final expense insurance?
Final expense insurance can help your family when they need it most. Here are a few benefits to purchasing a final expense policy:
- It is designed to pay out immediately.
- Rates never increase, and benefits never decrease.
- Most people can easily qualify.
- It is a more affordable alternative to life insurance.
Thank you for your interest in Ascension Group - Wealth & Life Insurance. We work closely with our clients to determine the best possible coverage to fit your unique needs and budget. Please feel free to call the office in your area: Dallas - 214.277.9497, Los Angeles - 818-934.1774 or Las Vegas - 214.277.9497 or you can send us an email and an insurance professional will reply promptly.
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