The key reason for taking up this policy is the compensation that it can pay upon the policy holder's passing away for final expenses. Given today that such costs amount to something between $3000 to $10000, family members will be hit by a huge expense suddenly and have to cope with it under dire circumstances, when there is no final expense policy in place.
Funeral Advantage Program Aids Seniors
This funeral policy over 80 is also called funeral insurance, burial insurance and also funeral advantage program assists seniors. It is basically a whole life policy that covers final expenses when the funeral insurance over 80 holder passes away.
The biggest benefits gained by opting for their policy is that cash is paid within 24 hours of making a claim, which is very important as this offer good assistance to dependents and loved ones who are unable to make payment by themselves due to financial constraints.
This type of a funeral cover over 80 helps to cover end of life expenses and does not require any health examination. Its application requires answers on only a couple of health questions and even people with health issues can get coverage. Key features include:
What Funeral Advantage Program assists seniors?
- Policy coverage applies for your whole life and cannot be cancelled by the insurance company due to age or health problems
- The premium cost will not increase and compensation that is to be provided upon passing away will not reduce
- It is possible to build cash value into it over a period of time, so if you plan to leave something big for dependents and also cover final expenses, it's a good choice
- It has an easy application process as the application form is just one page. Quick approval is a plus for those seeking to buy a policy fast. Coverage can be purchased for those from 40 to 85 years.
- Some optional riders such as child, AD&D are available which can be taken if required
- If offers a face amount of upto $20000 and there is a prescription history check done before policy application approval
In the event that the policy holder passes away, the Funeral Consumer Guardian Society representative will take charge and inform loved ones about important details that have to be given attention under the given circumstances.
By following the representative’s instructions, family members can complete critical final expenses payments without any hassles. Myfuneralinsuranceforseniors.com is our blog in which we write information about funeral insurance. Check out for more information.
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