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Today We’re Going To Talk About Term Insurance For Final Expense
NOTE: Learn why most people should NEVER buy term life insurance to cover final expenses in my new video below.
Here’s An Overview Of Today’s Topics:
Why Not Term Insurance?
In my opinion, term insurance for final expense is not a good idea. You have to understand first what term means.
A simple way to remember what Term Insurance means is that term terminates. This means when you hit a certain age the policy ceases to exist. It cancels, it’s done, and you have no coverage.
The question I ask my clients when they’re looking for some kind of plan to pay for their burial is, do you want a plan that you may outlive? Or more succinctly, do you know when you’re going to die?
Of course everybody says, “No, I don’t know when I am going to die, and I don’t want to outlive my coverage.” If that’s the way you answer, then it’s highly likely that you don’t want a term insurance policy.
What Else Is There?
Now, why would somebody consider them? Because they’re very inexpensive relative to what’s called whole life insurance.
Whole Life, however, is the opposite of Term. It never cancels because of age, the rates never go up, and the coverage.
In many cases if you work with an independent agent such as myself, can start from the first day. Sometimes we can only partially cover you, but in many cases, you can be fully covered. It’s not a guarantee, but many times we can do it.
The point is that the nature of our death is uncertain. I don’t know when I’m going to die. I’m 31 years old. I may pass away before you do even if you’re in your 50’s, 60’s, or 70’s. The fact of the matter is we need a plan that we will never outlive, that will be there no matter when the time comes.
I’ve come across many circumstances as an agent where people have outlived their term insurance and have wasted tens of thousands of dollars of their fixed income on a plan that won’t ever be there for them.
What Do I Do?
If you’re looking for some kind of plan that’s going to give you peace of mind and have guarantees attached on pricing and on coverage.
I want you to check out the quotes on my website, kind of shop around, see what your options are.
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
If you’d like more information, you can call the number on my website or you can just shoot me an email if you’d prefer not to talk.
There’s no obligation, and there’s definitely no stress. Very laid back and easy. If I can help you, great! If not, hey, that’s totally fine too. If you’re looking for a plan that’s going to give you the best value, definitely check out my website.