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American benefits final expense insurance| Lifease health

Overview

American Benefits is a well-known organization that aims to serve its clients. This platform offers health products to its customers. It offers final expense insurance and gives tax-free funds. American benefits final expense insurance is best for seniors. Seniors get final expense coverage. Their families do not have to cover final expenses from their pockets.

You can get an American benefits final expense insurance and give your family peace of mind. Several options offer various benefits. Burial insurance is on top of the list. Read along to explore the facts and best plans of American benefits expense insurance.

Burial Insurance

Burial insurance or final expense insurance is one of the first goals of American benefits final expense insurance. Final expense insurance is a life insurance that covers burial and funeral costs. It also covers costs that are associated with funeral expenses.

When you are gone forever, your burial and funeral expenses can become a burden for your family. No doubt many life insurance help your family in this difficult situation. However, a single life insurance is not enough to cover all expenses. You need a final expense insurance plan.

The burial insurance plan pays for your funeral services. It also pays for your burial services. Another good thing is that it covers your medical and legal bills. The final expense plan is not limited to funeral expenses. With American benefits final expense insurance, your family can receive assistance in:

  • Personal loan
  • Mortgage Payment
  • Credit card balances
  • Residential care
  • Burial services
  • Medical bills
  • Other additional expenses

Life Insurance For Final Expenses

Life insurance offers policies to protect people financially. It is a contract between the insured and the insurer. When the contract is sealed, it promises to give a sum of money to the insurance policyholder. But, the insurer gives this money upon the death of the client. These benefits are called death benefits. 

Moreover, life insurance has premiums. The insurance policyholder has to pay premiums every month to activate their life insurance. Your premium plan decides the amount of the death benefits. It also decides the coverage level of the life insurance.

Life insurance offers the best final expense plans. There are many death benefits that your family can get. Since it has types with different policies, you have the option to choose according to your needs. These two main types of life insurance are:

  • Term life insurance
  • Whole life insurance

Term life insurance

Term life insurance is for a short period. It suits best for people who want life insurance for a limited time. After some time, term life insurance expires. Also, it is an affordable life insurance.

Whole life insurance

The second type of life insurance is whole life insurance. Unlike term life, it does not expire after some time. It is a permanent life insurance, suitable for seniors who want lifetime insurance. However, the premium amount is higher, making it a little expensive.

American benefits final expense insurance

Cost of American Benefits Final Expense Insurance

As discussed above, American benefits final expense insurance has a monthly premium amount. You have to pay this amount regularly to keep your life insurance activated. The premium amount of the final insurance decides the cost of the American Benefits Final Expense Insurance. 

Typically, final expense insurance can cost you $50 per month. The cost varies according to the selected plan. It can cost you $70 per month as well. Also, the cost depends on:

  • Age
  • Gender
  • Insurance plan
  • Coverage level
  • Location 
  • Health status
  • Medical history 
  • Driving record

Final Expense Coverage

You receive a final expense coverage once you pay the premiums. In some plans, there is an option to pay the premiums annually. If you cannot pay a monthly premium, you can now pay annually. Once you pay the amount, you get the final expense coverage.

Final expense insurance is for your final expenses. The cost of the final services is huge. Your family may have to face an unexpected financial burden due to your death. You must have final expense insurance to cover the cost of funeral expenses. It will help your family to cover the final expenses without any hassle.

Additionally, final expense insurance protects the future of your loved ones. They do not have to borrow money from anyone to cover the funeral costs. Burial insurance will reduce their mental stress and enhance their peace of mind. Funeral services that American benefits insurance covers are:

  • Headstone
  • Crematory 
  • Embalming 
  • Flowers
  • Music
  • Metal casket 
  • Transportation 
  • Hearse

Affordable Final Expense Insurance

Usually, people cannot afford life insurance because of their costs. The high premium amount and coverage level prevent them from buying a plan. But, final expense insurance is an affordable life insurance. Anyone can afford final expense insurance because of the affordable premiums. 

Furthermore, there are various plans with different coverage amounts. Each plan costs different. These different plans give you many choices. You can select a plan based on your budget. Some plans have low premiums and they do not increase. You can have final expense insurance with great coverage. But, to buy such a plan you have to pay a higher amount.

Your age, gender and health status are also responsible for the amount of insurance. These factors play a vital role in determining the cost of final expense insurance. For example, final expense insurance offers minimum premiums for younger applicants and females. In addition, if the applicants have good health, they have to pay less premiums.

American benefits final expense insurance

Final Expense Policy Benefits

The final expense policy gives a sum of money to your loved ones. Your family gets money in the most challenging times of their lives. It helps them financially and reduces their stress. Policies like American benefits final expense insurance offer guaranteed benefits. Also, there are no rules to take any medical exam. Let’s discuss some crucial benefits.

Affordable plan

American benefits final expense insurance is an affordable policy. It understands the needs of people and sets an affordable premium amount. The amount ranges from $30 to $70.

No medical exam

One of the best things about final expense insurance is it does not mandate medical exams. An applicant can apply without taking a medical exam. This reduces the chances of rejection.

Immediate help

Death brings unexpected expenses. Covering such expenses is not easy if you or your family do not have any resources. Having an American benefits final expense insurance is essential to cover these unexpected expenses. This policy offers immediate help to families upon the death of the policyholder.

Medical bills

American benefits final expense insurance is not limited to cover funeral and burial costs. It also covers hospice care. Additionally, if you received any residential care, burial insurance will cover it too.

Outstanding debts

Your outstanding debts are also covered by American benefits final expense insurance. It protects your family from debt and loans. Moreover, there are final expense plans that include cash value. You can cover your debts with this cash value as well in your lifetime.

Who Needs American Benefits Final Expense Insurance?

People who do not have any property, retirement funds or any other resources need this life insurance. If you want to protect your family’s future, you must buy American Benefits Final Expense Insurance. It will help your loved ones to cover your burial, legal and hospice costs.

Bottom Line

Protecting your family financially is essential for their future. You can secure your family with American benefits final expense insurance. It helps your family to cover your burial and funeral expenses. In addition, its low premium amount makes it affordable for everyone. Get this affordable policy and give peace of mind to your loved ones.

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Health Insurance
Why final expense insurance is best for parents?

Final expense insurance aims to assist seniors financially. It covers their final expense cost and other essential bills. Since there is no medical exam, it becomes quite easy for parents to apply for final expense insurance.

How to pay the premium for final expense insurance for parents?

You can pay the premiums every month. If you cannot give monthly premiums, you can also give them annually. Funeral insurance has instalment options too, making it easy to pay premiums.

Do seniors have to pay more premiums for funeral insurance?

 No seniors do not have to pay extra premiums to buy final expense insurance. However, funeral insurance has several policy types. Premium regulations may change with the type.

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