Financial Relief in a Time of Loss
If you are retired, no longer have life insurance through your employer, and individual life insurance isn’t affordable due to your age and health, final expense life insurance is designed to solve this problem. Final expense life insurance is a small permanent life insurance policy typically intended to help older adults cover funeral costs and other end-of-life expenses and provides a guaranteed payout to help loved ones pay for a funeral service, burial or cremation, doctor or hospital bills, or other immediate expenses after a death. Similar to other types of permanent insurance, final expense insurance will never expire as long as you keep up with your premiums.
Since coverage amounts are lower than other types of life insurance, like term or permanent insurance, the premiums for a final expense policy tend to be affordable. Coverage amounts can range from a few thousand dollars up to $35,000, in some cases.
Find Support with CBIZ Individual Insurance Solutions
Final expense insurance does not require medical exams and is easy to qualify for. As long as you fall between the ages of 50 to 85 years old, you can often get approved for a policy within days. With help from the CBIZ Individual Insurance Solutions team, you can have the support and coverage you need in a time of need.