Tips For Those Who Are Considering Final Expense Insurance

Final expense insurance or in another term Funeral Insurance has become a vital subject a person plan for to keep himself financially independent even after his death. Few important issues you can make note of while opting for this insurance cover are as below:

  •  You must evaluate your life expectancy while thinking of this insurance cover. The higher the risk the higher would be the premium and thus your health condition play a decisive role in assessing the premium.
  • You must consider the payment plan of the premium if the same is monthly or yearly or one time. This should suit you life expectancy else you might end up in payment a huge amount then you should.
  • The ambit of cover must be considered. Coverage is sometimes restricted to burial expenses and sometimes it does provide comprehensive coverage including medical costs and bills.
  • The premium paid is fully tax-free and thus, you can consider this as a tax exempted instrument as well.

For a detailed information, it is always advisable to go through the policy conditions before choosing the right plan.

 * Please refer to policy wording for full details of benefits and exclusions.


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