OUR MOST FREQUENTLY ASKED QUESTION:
Burial / Funeral insurance, Whole life insurance, Term life insurance.
What is the difference?
Burial Insurance / Final Expense Facts:
- A type of whole life insurance.
- Beneficiaries can use the death benefit for ANYTHING, not just for burial expenses.
- Premiums NEVER increase.
- Benefits NEVER decrease.
- Qualify with No medical exams.
- Policy will not cancel because of age.
- Builds cash value and loan value for borrowing against.
- Guaranteed coverage for life when premiums are paid.
NOTE: Best buy for those aged 50 and over.
- Or get a Burial Life Insurance Quote now!
Traditional Whole Life Facts:
- Beneficiaries can use the death benefit for ANYTHING, not just for burial expenses.
- Policy will not cancel because of age.
- Builds cash value and loan value for borrowing against.
- Guaranteed coverage for life when premiums are paid.
NOTE: Best buy for person aged 20-50 looking for
coverage to extend throughout their whole life.
- Or get a Whole Life Insurance Quote now!
Term Life Insurance Facts:
- PROBLEM: If used for burial insurance you're likely to run out of time.
- Usually purchased to cover a mortgage balance or other
high debt obligation, particularly during child rearing years.
- The underwriting is usually more extensive since the face
amounts are usually higher.
- Term is NOT a final expense plan. Most people outlive
their policy, which means there is NO Money for burial.
- There is a reason why term is less expensive. While whole
life/burial insurance builds cash value, term life will NOT.
- With term you buy insurance for a set number of years.
- With most term policies premiums start out lower,
then each year consistently increase in cost.
NOTE: Best buy for those ages 20-50 with mortgage debt.
- Or get a Term Life Insurance Quote now!
Universal Life Insurance Fact:
- Universal life is dangerous type of life insurance, if interest rates
decline you could run out of money.
Know what you are buying!
Click for a Life Insurance Quote!
