Peace Assured final expense whole life insurance policies are issued by Sagicor Life Insurance Company. Why would we choose to sell this particular type of life insurance? Or, more importantly, why would you choose to buy it? We’re so glad you asked!
If you don’t currently own any life insurance at all, final expense life insurance may be a budget-friendly option to potentially help cover the cost of funeral arrangements and other end-of-life expenses your family could be faced with if you were to pass away.
However, even if you DO already have life insurance coverage, you may still want to consider adding a final expense policy. Let’s talk about why.
Other than offering increased peace of mind, which of course is no small thing, life insurance isn’t really designed to benefit you as the owner...it’s designed to benefit the people you love. It’s a promise to do everything you can, even after you’re gone, to take care of the people who depend on you.
Supplementing your current life insurance coverage with final expense life insurance means that more of the total benefit may go toward that goal of “taking care.” Final expense life insurance may help cover the significant cost of a traditional funeral ($8,000-10,000 in the U.S.) and other end-of-life expenses while leaving the remainder of your life insurance benefits to help fund your family’s continued quality of life.
Another thing to remember is that final expense life insurance death benefit proceeds can actually be used for any purpose, so if your funeral costs are covered, any funds leftover would simply belong to the beneficiary.
From start to finish, final expense life insurance offers the option of greater simplicity. For example, a medical examination isn’t typically required1. If you submit an application for Peace Assured final expense whole life insurance, you could have active coverage in just minutes!
When it’s time to put that coverage to use, we have your back again: While other assets and insurance policies may take more time to liquidate or claim, Peace Assured final expense whole life insurance is designed to provide faster access to the death benefit proceeds during the first few days that follow the loss of a loved one.
A Conversation Starter
Another possible positive side effect of purchasing final expense life insurance is that it could inspire you to talk more openly with your loved ones about your end-of-life wishes. It’s a pretty important conversation, but one that many of us avoid having. Having a plan in place could help you and your loved ones focus more on the peace and empowerment that comes with saying a meaningful goodbye.
Ready to learn more about how final expense life insurance could fit into your plans? Get a no-obligation quote online in seconds, or give us a call at 866-353-8995 so our team can help guide you through the process.
1The issuance of the policy may depend upon the answers to the health questions in the application.