Final Expense Insurance, Greensboro, NC

Final expense insurance, which is also known as burial insurance, covers the costs related to end-of-life expenses such as funeral arrangements, medical bills, and legal fees. Having this coverage means that your beneficiaries won’t have to bear a financial burden as the average cost of a funeral can be $10,000 or more.
Elderly man and his son walking outside

Alleviate the financial burden on your loved ones.

Final expense insurance covers funeral costs, medical bills, and other debts. Also known as burial insurance, it provides a death benefit, ensuring beneficiaries have financial support when the policyholder dies. A permanent whole life policy guarantees that heirs will receive the death benefit if premiums are paid. While final expense insurance may not cover all expenses, it can help loved ones manage bills that may have been a strain. While no one likes to think about their end-of-life expenses, planning for them is the smart approach.

Final expense insurance alleviates the financial burden on your loved ones by providing funds for end-of-life expenses. At Moser Insurance Group, Inc., we make this coverage affordable and accessible for people who may not qualify for other types of insurance due to age or health conditions. Final expense insurance offers guaranteed coverage with fixed premiums, making it easy to budget for. The policy builds cash value that can be borrowed against or used as collateral during the policyholder’s lifetime.

Final expense insurance is a crucial financial tool to ensure loved ones are not burdened with end-of-life expenses. Its affordability, guaranteed coverage, and flexibility in benefit usage make it a valuable option for individuals looking to secure their family’s financial well-being after their passing. We have several types of life insurance policies that are affordable and accessible, so your family is financially secure after your death. Contact us for more information on final expense insurance and the benefits it offers for those in Greensboro, North Carolina. We can help you find a plan that fits your budget.


 

What Does a Burial Insurance Policy Cover?

Burial insurance policies cover the various costs associated with a loved one’s passing. Since there are numerous expenses related to a death, having final expense coverage is vital.

Here are some essential items covered:

  • Funeral arrangements, including embalming, casket, flowers, and services
  • Burial costs, including cremation, burial plot, headstone, and interment
  • Outstanding medical, legal, or credit card bills

How can I ensure my beneficiary uses the payout for my funeral?

Once the funds have been paid out to your beneficiary, they have the freedom to utilize the money as they see fit. If there is any remaining balance after covering all funeral-related expenses, your beneficiary may allocate the funds towards outstanding medical, legal, or credit card bills in your name. It’s important to choose someone you trust to handle the funds responsibly.


 

Here are some of its key benefits of final expense insurance

No medical exam required

While certain types of life insurance policies necessitate a medical exam, burial insurance policies typically do not. As long as you don’t have a serious pre-existing medical condition, you can likely obtain coverage.

Lower premiums

Final expense life insurance rates start as low as $20 per month,*
(See Disclosure) with coverage amounts ranging from $5,000 to $35,000.

Flexible payment options

You have the flexibility to choose whether you want to pay your premium monthly or annually.

Quick approvals

The application process is quick and easy, and coverage can be issued within days, sometimes even on the same day you apply. Once approved, your coverage starts immediately.


At Moser Insurance Group, Inc., we help customers find final expense insurance plans in Greensboro, Jamestown, Burlington, Lexington, High Point, Winston-Salem, Archdale, Trinity, Asheboro, Randleman, Raleigh, and Charlotte, North Carolina.

10 FAQ’s for Final Expense

What is final expense insurance?

Final expense insurance, also known as burial insurance, is a type of life insurance that specifically covers the costs associated with end-of-life expenses such as funeral arrangements, medical bills, and legal fees. It provides financial protection for your loved ones so they don’t have to bear the burden of these expenses.

Why should I choose final expense insurance?

Final expense insurance is an affordable option for life insurance, making it accessible to many individuals. It covers the specific costs related to end-of-life expenses, providing financial support to your loved ones during a difficult time and preventing them from having to pay for these expenses out of pocket.

What are the benefits of final expense insurance?

Some key benefits of final expense insurance include:

No medical exam required: Unlike certain types of life insurance policies, burial insurance typically does not require a medical exam as long as you don’t have a serious pre-existing medical condition.

Lower premiums: Final expense insurance rates can start as low as $20 per month, with coverage amounts ranging from $5,000 to $35,000.

Flexible payment options: You have the flexibility to choose whether you want to pay your premium monthly or annually.

Quick approvals: The application process is quick and easy, and coverage can be issued within days, sometimes even on the same day you apply.

What does a burial insurance policy cover?

A burial insurance policy covers various costs associated with a loved one’s passing. These can include funeral arrangements (embalming, casket, flowers, services), burial costs (cremation, burial plot, headstone, interment), and outstanding medical, legal, or credit card bills.

How can I ensure my beneficiary uses the payout for my funeral?

Once the funds have been paid out to your beneficiary, they have the freedom to utilize the money as they see fit. However, you can choose someone you trust as your beneficiary, ensuring they will handle the funds responsibly and allocate them towards your funeral expenses.

How can Moser Insurance Group assist with final expense insurance?

Moser Insurance Group, Inc. specializes in final expense life insurance and can provide personalized guidance and affordable options. Their experienced team understands the importance of final expense coverage and can help you find the right policy to meet your specific needs.

How do I get started with final expense insurance?

To get started with final expense insurance, simply contact Moser Insurance Group, Inc. Their knowledgeable agents are ready to answer all your questions, explain the available options, and guide you through the process of obtaining final expense life insurance.

Can final expense insurance be obtained for older individuals?

Yes, final expense insurance is often available for older individuals. While specific eligibility requirements may vary, there are options designed to provide coverage for individuals of different ages and health conditions.

Can I customize the coverage amount for final expense insurance?

Yes, you can typically customize the coverage amount based on your specific needs. Final expense insurance policies often offer coverage amounts ranging from $5,000 to $35,000, allowing you to choose an amount that suits your desired level of protection.

How does final expense insurance provide peace of mind?

Final expense insurance provides peace of mind by ensuring that your loved ones won’t face a financial burden when it comes to end-of-life expenses. By securing the coverage you need, you can have confidence that your family’s financial well-being is protected.

Your peace of mind is our priority.

Speak with a professional today.

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