Ultimate Guide: Seven Questions To Ask About Final Expenses This 2021

​Final expense insurance is intended to cover medical care expenses and funeral costs. It is popular with older adults who want to take away the burden of burial expenses from their families.

Here are seven questions to ask about the final expense:

1. Do you need to take a medical exam?
   Senior citizens may have some pre-existing conditions. So the final expense does not need a medical exam. A prescription history or a questionnaire to be answered are only required.
   
   
2. Does the policy expire?
   Your final expense policy does not expire as long as you pay the premium. It is a type of whole life insurance wherein it does not expire when you reach a certain age.
   
   
3. What features does the policy cover?
   Insurers have different policies. But, typical features such as accidental death, dismemberment, and funeral price shopping apply. Examine the policy's coverage thoroughly.
   
   
4. How can the death benefit be used?
   The increasing cost of funerals may cause stress to families. Final expense life insurance relieves this kind of pressure. The death benefit can be used for medical expenses. You may also use such funeral costs and other features added to the policy.
   
   
5. How much does an average funeral cost?
   Funeral and cremation expenses may cost thousands of dollars. There are also charges for grave markers, obituaries, and memorial services. Burial insurance is created to cover these costs.
   
   
6. How to apply for final expense insurance?
   To apply, you have to answer a questionnaire. It asks for details like height and weight, blood type, family history, and level of activity. Health issues may be asked. But even if you have pre-existing conditions, you may qualify for final expense insurance.
   
   
7. Can you add final expense insurance to your other life insurance?
   Final expense is best used in conjunction with life insurance. It provides better coverage of funeral costs. There has been a great increase in burial costs for the past year. For this reason, burial insurance may be necessary to ease the financial burden of loved ones.

Conclusion
Medical bills and funeral expenses, when added together, cost a fortune. Final expense insurance is there to cover hospital and burial costs. More so, it prevents passing on a great deal of financial burden to loved ones.

At Medicare Simplified KC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (816) 701-6661. Get your free quote today by CLICKING HERE.