While most people don’t like to talk about end-of-life issues, it is important to plan for them. Expenses associated with death, such as caskets and embalming, can have a substantial financial impact on those you love. Final expense life insurance can help protect loved ones from having to pay these costs out of pocket. Ensure that your family has one less thing to worry about. Final Expense protect them from any future financial burden.
Your Final Expense Options
The cheapest final and funeral plan in Oregon is as low as a dollar a day. Yes, that’s right. And with the ample amount of planning, you’ll be able to ensure that your Final Expense insurance will help your family the way that it should and the way that you want it to when you pass away.
When talking about funeral expenses alone, costs are constantly getting higher as years pass by. In 1960, the average cost of a funeral without a vault was just over $700. In 1985, that number had risen to $2,747. And in 2014, that number rose even more to $8,517 and is continuously spiking at present.
This is the cheapest type of Final Expense insurance which is a temporary that provides coverage for a certain number of years — known as the term. Depending on your current age and other life factors, you may purchase a 10, 15, 20, 25, or 30-year term.
This type is a permanent coverage. It includes a death benefit plus an investment. Some of the premium you pay every month goes to build some cash value. Moreover, this is also mainly the most expensive form of coverage, as it most policies won’t require a medical exam to become approved.
Guaranteed Universal Life (GUL)
This type is often referred to as a hybrid between term and whole life policy. Having said this, rates are a little more expensive than term life, but less expensive than whole life. And, instead of selecting a coverage for a number of years like in term life, here, you get to choose up until a certain age, such as 90, 95, 100, 105, 110, or 120.
Another good thing is that…
Final Expense insurance is very flexible. This means you can easily select a policy that can pay only for the things where you think it is applicable. Like for example, you just want your family to have enough money to cover for your burial, then you will be able to purchase just enough coverage to pay for that burial. It’s that simple.
When you consult with us:
You will have a number of different options to choose from. If you want to give your family the coverage that will help them the most, you will need to compare all of the different Final Expense policies that are available to you. Health Plans In Oregon is here to help you and there’s no obligation to sign up.
Facts about Final Expense Insurance in Oregon
- Final expense policies don’t expire like term policies.
- In most cases, a medical exam isn’t required.
- The average final expense policy costs between $30 – $70 a month.
- Premiums will depend on your age, sex, health, amount of coverage and the life insurance company you choose.
- You can get instant quotes from a trusted insurance consultant like Health Plans In Oregon.
An here’s the most important part…
The right amount — In selecting your Final Expense policy, you will have to determine how much coverage you should purchase. You’ll need to determine how much amount is needed by your family in order to pay your funeral expense, medical bills or debts you may leave behind. Don’t worry because we are here to guide you in every step you make.