Obtaining a Final Expense Insurance Quote

How do you know that you have found the right final expense insurance policy for your needs? Rest assured, this is one of the most common questions in the industry.

The first step, as with any form of insurance, is to call a selection of insurance providers to obtain quotes. You will likely need an estimate of your funeral costs, as well as a general impression of your overall health, for an accurate quote. With each quote, review the terms of service. Make sure that the quoted policy is capable of meeting your financial needs. You may be looking for a simple burial insurance policy. On the other hand, the best policy for your situation may be one with full life insurance coverage, burial coverage, death and dismemberment coverage and hospital bill coverage.

Once you have a selection of policies that will cover your general needs, you can check the disbursement terms of each policy. Look for one that best fits your predicted requirements. Early termination limits and higher premiums are the usual penalties incurred if you need to change an ill-suited policy at the last minute.

Be aware that the quote you obtain will be based on the typical costs of burial in your area, usually on a state-wide basis. Within a state, such costs can vary widely. Once you have selected a quote to pursue, you can obtain more specific burial cost estimates to give to your insurer, who can then create a more accurate policy.

There are a number of factors that contribute to the cost of a burial. If you choose a casket burial, it will be more expensive than a cremation. Likewise, a more expensive casket in a more expensive plot of land will run up higher costs than a budget casket in a more affordable plot of land.