Guaranteed issue life insurance: comparing costs and limits?

The bottom line Guaranteed issue life insurance: comparing costs and limits starts with the policy documents, not a generic monthly number. Ask for the premium, death benefit, waiting-period language, exclusions, and payment terms in writing. Then compare those terms with the funeral expenses you actually want the policy to address. A useful comparison has two … Read more

Final expense insurance options for seniors — What to Consider?

The bottom line Final expense insurance options for seniors are small whole life policies that cover funeral and burial costs. Funeral or burial insurance is a form of life insurance, and the FTC Funeral Rule protects your choices at the funeral home. Compare a few quotes before you apply. Final expense insurance options for seniors … Read more

Should retirees use insurance for final expenses?

The bottom line Should retirees use insurance for final expenses? Sometimes. A dedicated policy can be worth considering when you want to plan for funeral-related costs, lack enough savings, and can keep up with the cost. It may be unnecessary when savings or existing coverage already meets the need. Compare the policy terms with a … Read more

Burial insurance vs life insurance — What to Consider?

The bottom line For burial insurance vs life insurance, the decision is matching a policy’s purpose, benefit, cost, and application terms to the people and expenses it should protect. Funeral insurance is a form of life insurance, but labels do not replace reading the contract, checking the benefit, and pricing the actual need. Start with … Read more