Final Expense Insurance for Seniors
Reaching old age can be challenging. Tying up the financial loose ends becomes the priority at this stage. Therefore, final expense life insurance is prevalent among seniors. The coverage provided by the final expense insurance policy is to cover the final expenses, including funeral expenses, returning the loans, or paying for the medical bills. The death benefit is provided to the declared beneficiaries after the death of the insurer. With affordable premium rates and limited-term length, final expense insurance is a viable insurance option for senior citizens. It is whole life insurance which means that the policy remains active for as long as the premiums are paid.