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Life Insurance for High Point, NC
Accidents, illnesses, and other unfortunate events can strike at any time, and if you aren’t prepared for them, they can be financially crippling. We believe no one should have to live in fear of a life-altering event, and with a proper insurance plan in place, you’ll never have to. Insurance Answers offers affordable, comprehensive life insurance policies, as well as a full range of disability insurance plans, to bring peace of mind to you, your family or your employees. Whether it’s a small budget, individual life or personal disability insurance policy, or a large employee group policy, our team can work one-on-one with you to give you the absolute best option for your needs.
Insurance Answers Offers Life Insurance Options Such As:
Our Disability Insurance Options Include:
When is final expense insurance a better option than life insurance?
Final expense insurance is a form of life insurance that is designed to cover your funeral expenses after you are gone. Funeral expenses can easily run into the thousands of dollars, so developing a plan for your family to cover those expenses without financial strain is important. Unlike traditional life insurance policies, final expense insurance is not designed to provide your loved ones with long-term financial security. Instead, its purpose is to leave your beneficiaries with just enough money to cover burial expenses and other end-of-life costs.
There are several reasons why people would choose final expense insurance over life insurance:
It’s generally a lower cost than the coverage you’d apply for with a standard life policy. Many final expense policies offer a coverage amount that can range anywhere within the five figures area, providing your beneficiaries with just enough money to cover funeral costs, medical bills, and any other financial burdens they may run into. Conversely, a more expensive life insurance policy is a plan to replace your income for years to come.
Final expense insurance is also different from traditional life insurance policies in that most final insurance policies do not require a medical exam. This means that some people who might not be able to access a traditional life insurance policy due to their medical history could take out a final expense policy to cover end-of-life expenses.
Adult children caring for aging parents may choose final expense insurance on behalf of their parents, especially if they know that their parents do not have enough savings to cover funeral costs, and that they, themselves, would be financially strapped to try to pay the expenses.
People with terminal illness may also consider final expense insurance, knowing they would likely not qualify for other types of traditional life insurance.
If you’re trying to decide between final expense insurance and life insurance, make the easiest decision first: call Insurance Answers and let us guide you through the process and onto the best path for your unique situation.
Why contact Insurance Answers before choosing your insurance coverage?
