Final Expense (NSDBP)

A final expense life insurance policy isn't the same as what's known as "insuring your life." Insuring your life concerns leaving your family and loved ones with enough support after you pass away. With funeral insurance, the value of your policy is proportionate to the expense of your desired funeral. While other forms of life insurance can top a million dollars, it's rare for final expense insurance policies to get above $40,000.

The percentage of U.S. households without burial insurance is at its highest level in 50 years, leaving millions of families heavily burdened with paying for their loved one's funeral costs.

Funeral costs are on the rise. According to the New Jersey State Funeral Directors Association, the average cost of an adult funeral is nearly $10,000. This cost does not take into account the additional cemetery costs and ancillary services, which means this bill can exceed $13,500. At present, the government death benefit only pays $255 to those who qualify.

How Does Final Expense Insurance Work?

• Final expense insurance policies allow you to select a beneficiary, which means you can choose an agent who's legally responsible for the allocation of benefits. Commonly, people choose a partner or relative to act as a beneficiary to ensure instructions are followed and funds are properly distributed.
• You won't be required to take a medical exam to receive coverage, and your policy won't be canceled due to changes in health. Final expense insurance is available to those in poor health with graded benefits, meaning only a portion of your policy will be available for the first few years of coverage.
• Additional benefits can be awarded in the case of an accidental death.
• Final expense insurance can cover a number of costs. This allows loved ones to use the benefits for the expenses they need to pay, as opposed to just covering burial costs. This coverage includes common final costs, such as medical bills, probate or legal fees, and other expenses other policy types don't cover.
• The flexibility of final expense insurance also extends to your choice of service providers. This means you can allocate funds without being tied to a certain provider, geographic area, or plan. Final expense insurance leaves your options open, a great benefit given the length of time that may pass between choosing and using a policy.
• Given its flexibility, final expense insurance mitigates some of the worry preneed plans or burial insurance may leave unresolved. Many of the concerns and limitations of those plans don't apply to final expense.

Announcing The National Senior Discount Benefit Program

• For ages 50-85
• Face amounts from $2,000 to $40,000
• Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider included in the policy at no additional cost
• Optional: Accidental Death Benefit Rider
• We offer competitive premiums that fit many budgets
• The life insurance cannot be cancelled for any reason as long as the premiums are paid.
• There is no medical exam; coverage is based on answers to a few health questions
• Paid benefits do not decrease
• Premium rates never increase
• Benefits are paid to your beneficiary.

No Medical Exam Life Insurance

Thank you for your interest.

The primary purpose of life insurance is to protect your dependents financially in the event of your death. Properly positioned, the benefit from a life insurance policy can provide a steady stream of income for your family. It can also provide liquid capital to pay estate taxes and other obligations.

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