Final Expense in The Volunteer State

Even If you are currently hold traditional life insurance, you may come across situations where your coverage expires after a specific term, or the funds aren’t immediately accessible to you. With a smaller life insurance policy called final expense, you can purchase just the right amount of coverage and make sure your family will have the ability to pay when they need to.

What Is Final Expense Insurance?

Final expense is a type of permanent life insurance, so it covers you for your entire life. When you pass away, your beneficiaries receive the death benefit as a cash payment to pay for the costs of your funeral. Most people choose responsible family members as their beneficiaries so they can carry out their final wishes.

You can receive benefits from a final expense policy ranging from as little as $2,000 to as much as $50,000. The actual amount depends on your qualifications and the specific insurance provider you choose. If you have an existing life insurance policy or some savings, a benefit on the smaller side will be enough to help pay for your end-of-life costs. To help with things like medical bills, debts, and ongoing living costs, most peoples select a policy that ensures there’s more than enough to cover their funeral cost.

Benefits of Final Expense in Tennessee

Funerals in Tennessee with a burial cost an average of $8,367. Cremation with a funeral service has an average cost of $7,227. These prices come from the basic services fee, casket, transportation, ceremony and more. Your final expense policy of $10,000 or more will allow your loved ones to easily pay for these services. They can use any remaining funds however they wish.

Getting final expense insurance is a much simpler process compared to traditional life insurance. The application comes with health questions but no medical exam. These policies are specifically designed for individuals between the ages of 50 and 85, so it’s understood that you may have some medical history. If you have serious medical conditions that would disqualify you from a standard final expense plan, our agents can assist you in finding a guaranteed issue final expense plan that eliminates all medical questions.