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Why is Final Expense Insurance so important?
Illinois Final Expense Insurance is also known as Burial Insurance, Senior Life Insurance or Funeral Life Insurance. Final Expense Insurance is designed to cover bills that your loved ones will face after your death. These costs will include medical bills, funeral expenses, Legal/Probate, the list goes on. A funeral and associated costs could run well over $10,000.. The question is:
Where will the money come from?
Social Security: pays only a $255 lump-sum death benefit and only to qualified dependents. See Social Security Special Lump Sum Payment page for details. Also, Social Security income may be reduced by as much as 50% with the death of a spouse.
Illinois Department of Human Services: May pay up to $1,103 for a funeral and $552 for a cremation/funeral. See the Illinois Department of Human Services Funeral and Burial Benefit Page for more details. These benefits are only available to residents of the state Illinois.
Veteran's Administration: may pay a $300 burial allowance under certain circumstances. See U.S. Department of Veteran Affairs for more details.
Savings: Do you have the funds necessary to cover such costly funeral expenses?
Loved Ones: Do your children have the funds necessary to cover such costly Final Expenses? Do you want to leave this burden to them?
Today's Choice, Tomorrow's Peace of Mind
Illinois Final Expense insurance is the most affordable method to prepay your final expenses
As Baby Boomers age, many realize they haven't taken care of life insurance in time to qualify for a larger term or whole life policy - for some, health issues have made that difficult or impossible. With little to no underwriting and no need for a medical exam, final expense insurance is an affordable option for many people.
Types of No medical Exam Burial Expense Insurance
Many life insurance companies offer Life insurance plans for people to skip the medical exam. The majority of Final Expense Life Insurance does not require a medical exam regardless of age. This is called a simplified issue. Most simplified issue life insurance applications will consist of a series of medical questions that determine your eligibility to qualify for the Life Insurance coverage. Death benefits range from $2,000 up to $100,000.
Most people qualify immediately so it's an instant win for you.
Illinois Final Expense policies are whole life insurance policies which offer the guarantees you'll prefer for a final expense product. Whole life insurance is guaranteed for a lifetime as long as the premium is paid. Since Final Expense insurance is typically purchased with a lower death benefit than normal life insurance, most people find the monthly premium very affordable and the policy will build cash value over time. Issue ages are from 40 to 89.
Some carriers offer a terminal and chronic illness rider so you can access a percentage of these funds if you are diagnosed as such. We represent many of the best Final Expense life insurance companies in Illinois such as Americo, Assurity, Cigna, Humana, Motorists Life, Mutual Of Omaha, Settlers Life,Transamerica and many more. If you or a loved one needs final expense coverage we are here to help. Feel free to use our no cost instant final expense burial insurance quoting tool to compare the companies we represent as much as you like. Just make sure you select Illinois the top of the quote engine. There is no need to meet with us in person. Everything can be done over the phone and by email.
We are licensed in Illinois, Florida, Georgia, Maryland, North Carolina, New Jersey, Ohio, Pennsylvania, Texas, Virginia, California and Michigan.
          
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