Final expense insurance

Final expense insurance zoerbagency.com dedicated to helping you find the best life insurance policy, while saving you as much money as possible! How do we do that?

Simply put, our technology and relationships are what enable us to pass the savings onto you.

04/29/2020

My husband and I bought $1 million of life insurance each before we were married or had kids, and we don't regret it for a second.

My partner and I decided to purchase life insurance before we got married or had kids — we'd bought a house together and wanted to be sure the other person could keep it in the event that one of us died unexpectedly.

We chose to buy 30-year term life insurance policies, one each, valued at $1 million per policy.
We settled on term life insurance because it's cheap, stable, and covered our needs.
asn't super familiar with the life insurance world until I became an insurance broker myself. Once I'd passed my insurance exams, though, my then-fiancé and I decided to get life insurance right away.
A few years before meeting my now-husband, my dad had developed terminal liver cancer. By writing a letter to his insurance company that was signed by his doctors, he was able to access his policy in order to take my brothers for a trip through Europe before he died.
Although there wasn't any life insurance money left when my dad die several years later, this experience made me realize the importance of life insurance and the options it provides, and my partner and I didn't want to wait to purchase policies of our own.

How much does life insurance cost?
Well that depends on your
Age
Lifestyle
Health
Where you live
Medical conditions
Your best to get it when your your young and healthy.

Why we got life insurance before we were married or had kids

My fiance and I bought our first home the year before we got married and knew that if one of us died unexpectedly, we wanted the other one to be able to live there without concern about how to pay the bills. In that case, life insurance would be a huge help.
Another reason we decided to purchase life insurance before we got married or had children is that we were both in good health, and knew the future could be unpredictable.
Even though neither of us has experienced a major illness or injury since buying insurance, it's obviously not possible to foresee the future and we didn't want to take any chances since the cost of life insurance depends on your health and age.

Choosing term or whole life insurance

So then it came down to what type of insurance we wanted to buy. There are loads of different types of life insurance, but the main two are term life and whole life insurance. You can purchase life insurance policies that are based on fixed interest rates, and others that are tied to the performance of the stock market.
When it came down to which policy was right for us, we considered three factors: coverage amount, affordability, and predictability.

Coverage amount

First and foremost, we wanted to make sure that we had life insurance policies that covered everything we needed them for.
Even though we purchased the policies pre-kids, we wanted to factor in a growing family as we knew we wanted children. We also wanted to be able to pay off the home for the other and cover a certain level of living expenses for 20 to 30 years in the event of an unexpected death.

Affordability

We knew our life insurance policy had to fit into our budget. There was no use in getting a policy that stretched us financially as we would have had to cancel it down the line if that was the case and didn't want to go into debt trying to afford a life insurance policy.

Predictability

We weren't comfortable with our life insurance policy being tied to interest rates or the stock market in the event that one of those environments went south and our policy wasn't performing the way we needed it to. So we decided to go with a $1 million, 30-year term life insurance policy for each of us.
At the time, we figured 30 years would bring us close to our retirement age and thus help cover any years where there was only one income to live on in the event one of us had died.
The term policy was much cheaper than a whole life policy, the death benefit amount ($1 million) was set, and we knew exactly how much we would be paying each month (or year) for the next 30 years.
All that being said, I recommend individuals shop around for term life insurance policies that fit the needs of their family. I know a lot of people want to wait until they have children, but if you and your partner are in it for the long run there's no better time to purchase than when you are young and healthy.

04/26/2020

How to encourage someone you love to apply for life insurance

Learn how to talk to your partner about their life insurance needs… in a way that doesn’t dwell on death or feels like you have ulterior motives.
If you want proof that people don’t like talking about death, consider the phrase “life insurance.” We don’t call flood insurance “dry house insurance”; fire insurance isn’t called “nothing burned”; and disability coverage isn’t about to be renamed “no-one fell off a ladder at work” insurance.
Yet the financial product that only gets used in the event of a person dying is named after “life”. All of which is to say, it can be hard to encourage your loved ones to get life insurance, because it often involves discussing the fact that they might die. But, happily, there are other ways to get those you care about to take steps to look after their dependents if the worst should happen, and to give themselves (and you) some peace of mind right now.

03/29/2020

Do you know how your family will take care of funeral and burial costs after your death? If you are not absolutely certain your loved ones can depend on your finances to cover all costs, your death may not only be an emotional blow, but could also wound your family financially as well. Final expense insurance guards against monetary obstacles by providing cash for all immediate costs charged by funeral homes, crematories and burial grounds.

How Much Will Your Burial Cost?

According to the National Funeral Director’s Association, the average cost of a funeral in 2012 was $7,045 with a casket and $8,343 with a vault. The price may not include the grave plot, headstone installation and cost to dig and reinforce the grave. Cremation costs are lower, but can still reach up to $4,000 when arranged through a funeral home. Other charges may be added including the cost of an urn and related death certificate paperwork processing fees.

What’s the Difference between Final Expense and Life Insurance?

Don’t make the mistake of assuming your life insurance policy is all that is needed to provide for your end-of-life costs. While life insurance is useful to pay off debts and provide an inheritance for dependents, life insurance payouts may not arrive in time to assist with the funeral and burial bills. Additionally, obtaining a life insurance policies normally involves a more in-depth process where the applicant must pass a health exam before the policy is issued.

Whereas life insurance policies usually require the applicant to obtain a minimum of $25,000 of coverage, final expense insurance policies allow applicants to pay for coverage limits under that threshold – only as much as they estimate their family will need to cover funeral costs. Also, final expense insurance pays the recipient within a few days, ensuring the money is on hand when needed. And final expense insurance is accessible to anyone, regardless of the state of their health.

Review Your Finances

How do you know for certain if you need final expense insurance? Look over your accounts. You may have assets of significant value, but if your assets cannot be liquidated in a short period of time – a matter of days – your family may have to pay the bills up front, a scenario you would rather avoid. Also, estate taxes and court proceedings could take money away from the total your family receives as well as significantly lengthen the time involved with liquidation and delivery of the funds.

03/27/2020

Best Final Expense Insurance eases the burden of your family to cover expenses. Coverage up to $50,000. No Medical Exam. Guaranteed Acceptance. Call to Apply Now. Guaranteed Acceptance. No Physical Exams.
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03/27/2020

burial insurance, also known as funeral or final expense insurance, is a great life insurance option for seniors. It helps pay for funeral related costs to help ease financial and planning burdens for loved ones. Plans range in price from about $18 to $286 per month for seniors depending on the senior’s age, s*x, overall health, and how much coverage they want.

Like traditional life insurance policies, these funds can be used to pay any outstanding debts owed by the deceased after they pass away. If you’re considering adding this type of policy to your end-of-life plan, get a free online burial insurance quote with zoerbagency.com today.

03/27/2020

We often think of life insurance as an option for income replacement in the event of your death; a policy for your loved ones to be able to maintain their standard of living once you are gone. But what if you are nearing or in retirement and no longer have those concerns? The one big final expense in your future is the cost of your burial. Have you set aside the funds for your family to cover the actual cost of your death?

A new InsuranceQuotes.com report breaks down the basics of funeral insurance, offering crucial information and advice for consumers. Laura Adams, senior insurance analyst at InsuranceQuotes.com discussed with FOX Business what you need to know if you are looking for insurance to cover your final expense: your death.

Boomer: What is funeral insurance and what are the different options?

Adams: Funeral insurance is also known as burial insurance, pre-funded burial, and final expense insurance. It pays the cost of your final arrangements after death, such as a burial or cremation. It’s a type of life insurance that covers various funeral expenses so you don’t leave that financial obligation to your family or friends. It helps make a difficult time a little easier for those responsible for your funeral.

You name a beneficiary, such as a loved one or funeral home, who will receive your policy payout after your death. Another option is to enter into a preneed agreement with a funeral service provider, which allows you to pay a set amount over time in advance of your final arrangements.

Adams: Funeral insurance is designed for anyone who doesn’t have money set aside to pay for their final expenses. Most people don’t realize how expensive funeral arrangements can be.

The average cost of a typical funeral in 2017 is between $7,000 and $10,000. That doesn’t even include a burial plot or headstone. Cremation is less expensive, but still costs more than $6,000 on average, according to the National Funeral Directors Association.

While term or permanent life insurance policies are often used to pay funeral expenses, you may not qualify based on your health status or age. Unlike life insurance, with a funeral policy you can be approved without a medical exam or having to answer health questions. Also, you can buy funeral insurance in smaller amounts than with a typical life policy, such as $5,000 or $10,000.

Boomer: What are the average costs of a funeral policy and what does it cover?

Adams: The cost of funeral insurance varies depending on the amount of coverage you choose and your age. It covers every expense related to your final arrangements, up to the policy limit. In general, a funeral policy is more expensive than a term life insurance policy. So, it’s a good idea to shop both types of policies and compare quotes before making a

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