H e a l t h L i f e 3 6 0 LLC
Benefits of Final Expense Insurance
Final expense insurance can relieve the worries of your family members because it provides them with money they may need to pay expenses related to your funeral expenses. It can be a welcome choice for people who can't get any other insurance due to their age or health but want to ease some financial burdens for loved ones. It's affordable due to the lower coverage amount.
This type of insurance policy builds a cash value over time, so you may borrow from it or use it as collateral during your lifetime. The premium amount never changes, which can be helpful for budgeting. Coverage is guaranteed. The policy cannot be canceled, even if your health deteriorates.
The death benefit, while aimed at final expenses, can be used for whatever a beneficiary decides is best—a legacy nest egg, mortgage payments, credit card debt, and more.
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