The Very Best Final Expense Insurance Plans

Final expense insurance is a term used to describe funds that are set aside to cover our final expenses, or our funeral expenses, which are the last expenses that we will ever incur. Final expense insurance is life insurance which is designated to cover these expenses.

The best final expense insurance plans are life insurance programs that are designed to cover these expenses. These types of policies are usually marketed to individuals who are age 65 and older, and to many who have health difficulties that make it difficult for them to obtain regularly underwritten life insurance.

Final expense life insurance is usually written in limited denominations of death benefits from $3,000 to $25,000. This is to limit the exposure of the death benefit per policy which is an actuarial advantage.

why getting funeral insurance to protect your loved ones is such a good idea

Most of the policies are of a guaranteed issue variety, but with some stipulations such as a waiting period for the death benefit to occur if a person is suffering from some form of serious illness. People who are residing in hospitals or nursing homes are typically not eligible for coverage.

If a person has had cancer or a heart attack within the past two years, they will usually be able to gain coverage with a “waiting period” type of policy. This form of coverage will not pay the full death benefit until after a probationary period of say, 2 to 3 years have expired, and then the regular death benefit will apply.

Another format of a death benefit arrangement is the “modified death benefit” type of policy. With this kind of policy arrangement, the death benefit might be zero for the first year, 33% for the second year, 66% for the third year, and 100% for the fourth year and beyond.

These kinds of arrangements allow the insurance company to mitigate their risks to compensate for the high mortality rates of people who are in their older ages.

Since most of these policies are written for insurance applicants who are age 65 or older, the incidence of claims is going to be much higher for people of this age group, so these underwriting techniques enable more people to own policies, whereas they normally would be priced out of the market.

When we are older is the time in our lives when life’s physical limitations begin to catch up with us. The best final expense insurance plans allow us to at least qualify for something, even though it may not be the top-of-the-line coverage like we could have purchased when we were much younger, but something that will provide for our burial expenses nonetheless.

The best final expense insurance plans usually consist of permanent life insurance, the kind that does not run out or stop its coverage, unlike term insurance which ceases to exist at the end of its term of 10, 15 or 20 years. With permanent life insurance, the price of the coverage is guaranteed never to increase, and the coverage will always be there up to the time of death when the policy pays off to the beneficiary.

Funerals today run in cost on an average of $7,000 to $10,000. This cost does not only include the burial and service, but also, there is travel, the funeral meal, housing and lodging of relatives and final medical costs.

Buying final expense life insurance to cover your costs of your funeral and accompanying expenses is a definite act of love, as you are saying that you do not wish for your relatives, your spouse, or your children to have to pay for your funeral costs.

Plus, it is a fact that you are paying for your final costs with discounted dollars, for what you pay for the policy will seldom equal the death benefit which is paid to your beneficiary upon your death.

Permanent life insurance policies also create a cash value or a loan value. This money builds cash over a period of years which is available to the policy owner in the form of loan. If a policy owner takes a loan, the amount of a loan will decrease the insurance face amount by the amount of the loan.

Final expense life insurance is the way to go if you are over age 65, you have no other life insurance, and you want it to be there when it is needed.

How to File a Claim with Your Car Insurance Company

Whether you have been involved in an accident, had your car damaged because of bad weather, or had your vehicle broken into, you will need to file a claim with your insurance company. According to a Provo car insurance agency, after accessing the damage and checking to make sure no one was injured, if you were involved in an accident with another vehicle, you need to call your insurance company as soon as possible.Auto Accident Help

What Is Needed to File a Claim?

When you call the insurance company, you will need to give them some information so they can start processing a claim for you. The insurance company will need to know:

  • Your name and policy number
  • The date and time of the accident or incident
  • Information on the other drivers involved
  • Information on any witnesses including passengers that saw the incident
  • Driver’s license and plate numbers of the other drivers involved

If the police come out to the site of the incident, the insurance company may also request a copy of the police report. Usually, you will be given a copy of it after they have completed the report on the incident. It will be helpful to take pictures of the incident as well, so the insurance company can see the damage to your vehicle.

You may need to contact an attorney if the police find you at fault for an accident. An attorney can help you fight any claims made against you, and they may even be able to help you avoid paying a ticket for the accident if they can show that you were not the responsible party. For more information from DMV.org, find out more about tips for filing a car insurance claim.

Handling the Claim

After you’ve filed a claim, your insurance company will contact you and have a claims adjuster come to your home to see the damage to your vehicle if it isn’t driveable, or they will have you drive it to their claims department location. The adjuster will evaluate the damage to your vehicle and talk to you about the incident and what your policy covers.

If the damage was caused by an accident, and the other driver was found at fault, their insurance company will contact you about the claim as well. Once he or she inspects your vehicle and accesses the evidence for any injury claims you might have, they will offer you an initial payment for your claim. If you feel the payment isn’t fair, you may need to call an attorney to help you get a fair settlement.

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Insurance for Families and Businesses


Let’s Insure was founded on the basic principles of providing outstanding service to every client and to our San Jose community at large. We realize that every client has his or her own unique needs. With this in mind we take an approach that creates a customized insurance plan to fit the requirements of the individual, family, or business client we are working with.

Our individual clients are offered a complete range of insurance products and services that include all forms of personal lines insurance to fit every aspect of their life. Our commercial clients are offered an extensive line of insurance products including all forms of coverage for their business including, Liability, Workers’ Compensation and Employee Benefit Packages.
Having earned advanced degrees in business, all of our in-house associates fully understand your insurance needs and are well equipped to prepare insurance plans to fit their specific needs and circumstances.

Let’s Insure provides businesses with a wide array of Employee Benefit solutions through highly reputable insurance companies who have been established for many years and are known for their attention to detail and providing outstanding service in every aspect.
We at Let’s Insure take pride in the relationships we have formed over the years with our many clients. We are known for providing the kind of professionalism and service unparalleled in the industry. We look forward to hearing from you to inquire about all the ways we can assist you individually, your family and/or your business.

Salar Baktash founded Let’s Insure in 2002 after having spent many years in the insurance industry and realizing there was a complete breakdown in communication between insurance companies and their clients. There was a lack of attention being paid to the individual needs of clients and little or no comprehension of the client’s’ circumstances or situation.

Since the company was founded, Let’s Insure has quickly grown and become one of the most trusted insurances agencies in the Silicon Valley. It is also highly competitive as an all-lines insurance broker fully licensed in many states throughout the U.S.

We focus on finding the most cost effective risk management solutions for every corporate client. We work with a very diverse range of clients and businesses and welcome any challenge. We can provide insurance for anything from your wedding rings to your employees’ international travel.

As the principal of our San Jose insurance agency, I can assure you that everyone here, including myself, will provide you with the best service possible, offering you the products you need at very competitive prices. We will fulfill all your insurance needs in the most trustworthy, efficient and reliable manner possible.

Health & Renter’s Insurance : About Health Insurance for Low-Income Families


If an individual or family has low income, they can try to obtain health insurance through Medicare or Medicaid. Find out what regulations are involved with getting approval for health insurance with help from an insurance representative in this free video on health insurance.

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Series Description: Health insurance helps to pay for medical procedures through premiums that are paid by groups or individuals to protect against high or unexpected health care expenses. Learn about health insurance and renter’s insurance, and why they’re important, with help from an insurance representative in this free video series on insurance and personal finance.

Consumers Mutual Insurance for Individuals and Families


Consumers Mutual understands individuals and families because it’s different than big health insurance companies–it’s nonprofit and governed by members. Think locally-owned credit union versus large national bank.

Consumers Mutual protects its members by reinvesting profits to expand benefits, improve quality and keep premium increases low. Learn more about plans for individuals and families by visiting https://www.consumersmutual.org/individual-and-family-insurance-plans

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