Final Expense in The Aloha State

Understanding Final Expense Insurance

Final expense insurance, sometimes known as funeral or burial insurance, is specifically designed to help cover end-of-life expenses such as funerals and burials. Similar to regular life insurance, with a final expense plan, a death benefit is paid out when the insured person passes away.

The death benefit is directed to the chosen beneficiary or beneficiaries of the plan. Policyholders have the freedom to select anyone, even multiple individuals. Having a final expense agent assist in choosing the right beneficiaries can be helpful. This ensures the death benefit is used according to your wishes.

The Costs of Final Expenses in Hawaii

Hawaii is one of the most expensive states for end-of-life costs. Due to the state’s overall high cost of living, these expenses can reach up to $27,000, as reported by BizJournals.com. Such a financial burden on your family members can be significant when you pass away.

Paying between $30 and $70 a month for final expense insurance can help mitigate some of the costs. Having a plan in place offers peace of mind during your final days.

Guaranteed Issue Final Expense

I bet you’re wondering, what’s the catch, right? Well, there is one, but here’s the good news: it actually works in your favor! If you don’t qualify for the standard final expense plans, you can still snag a guaranteed issue final expense policy. The best part? They accept everyone, so no need to stress about getting rejected.