5 Key Things You Should Do When Selecting A Final Expense Insurance Policy

Written by Ross Quade Published: / Last updated:

Preparing to apply for final expense insurance coverage?

Designed to offset the rising costs of funerals and other burial related expenses, final expense insurance policies can be a wise investment. Often used as a financial safety net for loved ones, final expense insurance policies can offset expenses such as funeral services, casket costs, arrangements, and more.

Whether this is your first time you’ve considered getting insured or this is your hundredth, you’ll want to keep the following 5 key things in mind.

1.) Compare Quotes Online

Curious about what you should do first? While you may think you will need to drive around town visiting various providers or spend all day on the phone, we have some good news. Shopping for term life insurance today is easier than ever. In fact, you won’t even need to leave the comfort of your own living room. Thanks to our burial insurance comparison service, you can now get multiple online quotes instantly. Best of all? When you shop for a policy online, your information is kept secure and confidential. In addition, comparing quotes online can save you time and money.

2.) Contact Providers Directly

Once you have a better idea of the type of final expense insurance policy that you would like to select, it’s time to contact providers directly. While you can purchase a policy without speaking to a provider directly, doing so will often help you narrow down your choices to ensure that you get the maximum value out of your policy. After all, while you can certainly find the answers you need online, sometimes there’s nothing quite like speaking with a provider directly.

SEE ALSO: What You Need To Know When It Comes To Your Final Expense Insurance Options

3.) Complete Necessary Forms

Next, you will need to be prepared to complete the necessary forms. While every insurer uses a unique set of criteria to determine eligibility, you can expect to answer questions ranging from your family history to financial history. Keep in mind that the lengthier the application process, the more comprehensive and catered to your needs your coverage will be.

4.) Arrange Medical Exam (if applicable)

In order to qualify for the lowest rates possible, some providers may require that you include a recent medical exam in your application. While not every provider will require this, if you’re in relatively good shape/health, it’s in your best interest to take the exam. In fact, by doing so, you could save yourself hundreds and even thousands of dollars in the long run. On the other hand, if you know that you are in poor health, you smoke, or that you are overweight, avoiding a medical exam may be your best bet as it may cause you to pay higher premiums.

SEE ALSO: 10 Things You Should Know For Planning A Funeral

Last but not least, the final thing you should do when selecting a final expense insurance policy is to wait. Once you’ve completed the application, it’s in the insurer’s hands. While many providers may approve you for coverage in as little as 24 hours, some providers may take up to a few weeks. However, keep in mind that you will rarely have to wait more than a few days.

While searching for a final expense insurance policy can seem overwhelming initially, finding the coverage you need at a price you can afford does not have to be a stressful experience. Here at FinalExpenseInsurance.com we believe that finding the answers and coverage you need should be a hassle-free process.

In fact, we think you’ll be surprised at just how convenient and simple it is so to purchase final expense insurance online.

So, what are you waiting for? Take action today to ensure that when the time comes, your loved ones are never left to bear the burden.

Featured image via Bankrate

About Prime Mutual
About Prime Mutual

Prime Mutual has been helping seniors compare the best final expense insurance companies throughout the United States since 2016. We believe in educating our clients, building trust, and assisting them plan for end of life expenses. With a growing population of seniors in retirement, it is more important than ever to have a financial plan in place to help struggling families honor their loved ones.

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