QUESTIONS AND ANSWERS

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Yes, it is entirely normal, and quite frankly reasonable - to feel nervous if you don't have money saved for your funeral expenses.

Final expenses can easily run into the thousands of dollars, and if no plan is in place, that burden typically falls on surviving family members.

For many, the concern isn't just about the money:

it is about not leaving loved ones with a financial mess during an already difficult time. That kind of anxiety is common and understandable.

It is why many people turn to tools like final expense burial insurance - so they can have peace of mind knowing everything is handled.

Life can change in an instant. In Ohio, just like across the country, the leading causes of death are a serious reminder that tomorrow is never promised.

According to the Center for Disease Control (CDC), the top threats we face are:

1. Heart Disease
2. Cancer
3. Chronic Lower Respiratory Diseases
4. Accidents (unexpected injuries)
5. Stroke
6. Alzheimer's Disease
7. Diabetes
8. Influenza and Pneumonia

None of us know when an accident or illness could strike - but we do know the emotional and financial burden it leaves behind. Without a plan, final expenses like funeral costs, medical bills, and debts can overwhelm your loved ones.

Don't leave it to chance. Protect your family today. Request a phone call now to secure an affordable final expense insurance policy to give your loved ones the gift of peace and security.

(2024-2025 Estimates in the U.S.)

Funeral Home Basic Services Fee
$2,500 - $3,500

Casket

$2,000-$5,000

Embalming and Body Preparation Fee

$600-$1,000

Use of Facilities and Staff

$500-$1,000

Transportation (hearse, etc.)

$300-$600

Gravesite & Opening/Closing

$1,000-$2,000

Headstone or Grave Marker

$1,000-$2,500

Obituary Notices, Death Certificate

$200-$500

Total (Traditional Burial)

$8,000-$15,000

For cremation, the costs can range between $4,000-$8,000, depending on the services selected.

Final expense, also known as senior life, or funeral insurance, is designed to cover end-of-life expenses.

Here are 5 key benefits:

1. Covers Funeral and Burial Costs: It helps ease the financial burden on loved ones by covering funeral services, caskets, cremation, or burial expenses.
2. Simplified Approval Process: Unlike traditional life insurance, it often requires no medical exam, just a health questionnaire, making it accessible to older adults or those with health issues.
3. Fixed Premiums: Premiums are usually locked in for life, meaning they won’t increase as you age or if your health changes.
4. Quick Payouts: Beneficiaries typically receive funds faster than with larger life insurance policies, helping them handle immediate expenses.
5. Peace of Mind: Knowing your final expenses are taken care of can provide emotional and financial relief for both you and your family.

Final expense life insurance is typically what is known as Permanent Insurance, or Whole Life Insurance. What that means for you is TWO things.

1. No matter your age, nor your health, your monthly premiums are GUARANTEED to never increase. (If you pay $35 per month when you took out the policy at age 65, you will only pay just $35 per month at age 99!)
2. No matter your age, nor your health, your face amount (amount of insurance coverage) is GUARANTEED to never decrease. (If your face amount is $20,000 when you took out the policy at age 65, your face amount (or Face Amount) will still be $20,000 at age 99.)

Term insurance is generally not ideal for final expense insurance, and here is why:

1. Term Insurance Expires
   Term policies provide coverage for a fixed period (10, 20, 30 years). If the insured outlives the term, the coverage ends - leaving no payout for final expenses, which defeats the purpose.
2. Final Expenses are Permanent
   Funeral costs, medical bills, and burial expenses are inevitable,  not temporary. That's why permanent insurance, like whole life or guaranteed issue policies, is traditionally used for final expense needs.
3. Age and Health Considerations
   Most people shopping for final expense insurance are in their senior years.
   Term life insurance either becomes prohibitively expensive or unavailable past certain ages (usually 70 or 80), whereas final expense whole life policies are designed specifically for seniors and may not require a medical exam.
4. Premium Stability
   Whole life final expense insurance policies offer fixed premiums for life. Term policies might be cheaper upfront, but when renewed or converted, premiums increase dramatically, or the policy may not be renewable at all.
5. When might term be considered?
   In rare cases, a short-term need (e.g., covering debts during a limited time) might justify using term coverage alongside a permanent policy - instead of it. But relying solely on term insurance for final expense planning is risky and not standard practice.

Generally speaking, NO MEDICAL EXAM is required to qualify for Senior Final Expense Life Insurance because the face amount of the policy is usually less than $50,000.00.

Burial Insurance coverage is typically issued based on the applicant's answers to health questions including the listing of prescribed medications.

Life insurance is applied for, and then, if the proposed insured application is accepted by the insurance company, based on your health and age, the premium is applied, the policy is issued, and your final expense insurance coverage begins.

It really could not be any easier:

1. Think of who you would make as your beneficiary.
2. Get out your list of the medications that your doctor prescribes for you as well as your doctor's name, address, and phone number.
3. Find the Routing Number to your checking account, which is the nine digits on the left at the bottom of your checks or deposit slips.
4. Next locate your checking account's Account Number. It can be 10-14 digits and is located just to the right of your Routing Number.
5. Send us a text message to 937-399-8953  or send us an email at: ohiofinalexpenseinsurance@gmail.com