Is Life And Health Insurance Important?August 26, 2019
Caring for the ones you love can be done in many ways. Most people that are head of their household work hard their whole life making sure their families have everything they need to be happy and healthy. However, many of these same hard working people never give a second thought to what might happen to their families in the event of their death. This is the biggest reason you should consider choosing final expense insurance coverage.
Many people that have terminal diseases an are near death choose to purchase this type of policy. One reason for that is the cheaper premiums. Most polices range from $5,000 up to $50,000 and have a simple face value because they are meant just for funeral and burial costs. You do not have to worry about medical exams for this policy like you do with many life cover policies.
This particular phrase is such a blatant example of what you don’t want to say it will make the impact of the words you use perfectly clear. The product I’m referring to is open care final expense insurance.
Most people don’t want their spouse, siblings, or kids to reach into their own pockets, or sell off investments that they have worked hard for and need for their own retirement and living expenses.
I drove round the next bend in the road and there it was, a cute little cottage with a wraparound front porch and two rocking chairs. Almost reminded me of my Grandma’s home. As I was getting out of the car, I heard the screech of the screen door open. The gentleman and his wife came out to greet me.
These applications ask few health questions. Most seniors should be accepted. Coverage should be immediate after the insurer accepts the policy. This is a good choice for most older people who do not have any serious health conditions. The lower premiums and immediate death benefit are important to consider.
In addition to these routine costs, there may be other financial bills to handle. Their could be medical expenses or other debt to settle, a house to sell, or pets to care for.
If you have some money, and you want to make sure you have life insurance and a cash account, this may be a good idea.An SPLI policy is not the best solution for all people. You may be more interested in term life or a final expense insurance rate comparison to find the right policy for you.