(PRWEB) January 15, 2014
Final expense insurance is a great way for seniors to cover burial expenses. An average funeral can cost up to $10,000 as there are many things that need paying for. In order to cover funeral costs, many families are forced to take loans. A senior can prevent this by simply purchasing a life insurance plan. No exam life insurance plans are issued in less than 24 hours and they do not ask for complicated medical examinations.
Final expense is a type of life insurance plan that doesn’t require medical examinations. In order to qualify for coverage, an applicant has to answer four medical questions. If the applicant is not suffering from cancer, has AIDS or if he hasn’t been declared terminally ill (has less than 12 months to live) he can qualify for a plan. The fourth question is about smoking. Smoking will not disqualify someone from getting life insurance, but it will make premiums a lot more expensive.
Final expense plans insure people up to the age of 90 years. It is a type of permanent coverage and it will not expire as long as the policyholder keeps paying the premiums. The death benefit is paid after the insured dies, however the agency will not pay insurance proceedings if the insured dies in the first two years after the policy has been activated.
“Final expense insurance is an advantageous investment for seniors who want to cover funeral expenses,” said Russell Rabichev, Marketing Director of Internet Marketing Company and Lifeinsurancebyrussell.com.
Lifeinsurancebyrussell.com is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://www.lifeinsurancebyrussell.com.