Who needs final expense insurance?

A need is subjective, but there are many reasons why purchasing final expense insurance is a great financial tool, although most insurance professionals would not consider insurance an investment. Life insurance provides security. More specifically, a person with little to no dependents and no significant financial responsibilities who needs immediate financial protection and coverage, and may or may not be able to pass a paramedical examination, but is capable of answering questions about their health and granting access to their health records, should purchase final expense insurance.

In terms of a scenario, a person would buy final expense insurance if they wanted to ensure there were funds available specifically to cover their death, but lacked trust in someone during the early stages of their life to take care of them before and after their death, however, as they aged and were becoming in need of care, they finally selected someone to name as a designated beneficiary on a life insurance policy.

Leave a Reply

%d bloggers like this: