Most people would prefer to talk about anything apart from funerals, but these costs can burden most middle-class households. However, your household can plan ahead and one of many ways to get this done is to find an affordable final expense insurance policy. Additionally, many seniors are relieved and pleased to find a remedy for his or her funeral and burial needs.

At Trusted Senior Specialists, we've helped many senior citizens and their families prepare for the high cost of funerals and other end-of-life bills. Contact us at your earliest convenience to find out more about selecting an affordable burial plan that delivers you with a remedy at a budget-friendly price. Insurers provide a variety of different alternatives and coverage quantities to help satisfy most families.

THE REALITY About Final Expense Insurance Policies

• Final expense insurance policies are usually issued in amounts from about $5,000 to $30,000. Some seniors need and qualify for larger coverage quantities.

• Insurers typically accept candidates from 50 to 80 years old, nevertheless, you can even find insurance providers that accept applicants up to age 85.

• Final expenditure applications are simple and quick. Most ask hardly any health questions and accept reasonably healthy seniors, and some guaranteed-issue last expense plans ask zero health questions whatsoever and acknowledge all qualified applicants.

• Nowadays, many applications can be dealt with over the phone or online.

• Final expense plans pay cash right to the beneficiary, never to a funeral home. The beneficiary is free to use his / her common sense when spending or saving money.

Do YOU WILL NEED Last Expense Insurance

Based on the National Funeral Director Association, the common cost of the American funeral was about $7,000. This does not include the burial vault, a necessity generally in most cemeteries, which expense raises the common total to over $8,000. Besides spending money on funeral preparations, many families also have to offer with other expenses.

They are some non-funeral costs that have a tendency to occur at the end of life:

• Travel or housing and nourishing guests

• Transportation of the body

• Settling bad debts and paying off medical bills

• Transferring a cherished one's belongings or settling an estate

Even more alarming, the price of funerals and lots of other necessary things did nothing but rise over the past few years.

• In 1960, the price of a simple adult funeral averaged about $700.

• In 1980, the Find out more bill for that same average funeral totaled over $1,800.

• By 2012, average funerals - without burial vaults - have increased 10 times since 1960 to over $7,000.

Don't Buy the First Final Expense Product THE THING IS On TV

If you surf the Internet or watch Television, you likely have seen a lot of advertisements for products called burial procedures or senior life insurance coverage. These actually are final expense plans. However, different insurance providers offer a variety of plans, and some are much better than others for different kinds of customers.

• Simplified-Issue Final Expenditure Policies offer immediate loss of life benefits and they're affordable for many families. The application form only asks a few health questions, and the business encourage most reasonably energetic seniors. The entire death benefit is payable when the plan gets issued.

• Guaranteed-Issue Plans might accept every applicant, but they cost relatively more and might not offer an immediate death advantage.

In the case of guaranteed-issue policies, the business uses a waiting period rather than health questions, and typical waiting periods are from two to three years. The company may pay some percentage of the loss of life benefit or refund rates (sometimes with interest) if the insured person dies prior to the waiting around period has elapsed.

Nobody loses any money, so this may be a good option for an elderly one who is seriously sick, but it could not be the best final expenditure product choice for a senior citizen who still enjoys shopping at the mall or taking long walks with her grandchildren. Relatively healthy seniors can be eligible for simplified-issue procedures that pay out immediate loss of life benefits and have more affordable premiums.

Let Us Help You Find an Affordable Last Expense Policy

At Trusted Senior Specialists, we've worked with a large number of older persons to help them access the right health and life insurance policies for his or her needs. E mail us at the earliest opportunity, so we can discuss your unique situation and offer you with affordable solutions.