Final expense insurance, or burial insurance, is a type of Whole Life Insurance that covers end-of-life costs, including funeral arrangements and any outstanding medical or legal expenses that your beneficiary must pay. This type of insurance helps ensure that your loved ones are not left with financial strain, as the average funeral cost can exceed $10,000.
The main benefits of life insurance are the tax-free death benefit for your heirs, the cash value you can use while still alive, and the extra coverage for nursing home care and terminal and chronic illnesses.
Life Insurance Creates a Guaranteed Legacy of an Estate and a Death Benefit
Life insurance ensures financial protection for your beneficiaries through a tax-free death benefit to address final expenses, replace income, and assist with ongoing living costs. At the same time, specific policies may build cash value and offer benefits for chronic or terminal illnesses.
Whole Life Insurance can
Protect your Loved Ones, Lifestyle, and Assets
To give You Peace of Mind
Whole Life Insurance ▪️Burial Insurance▪️ Final Expense Insurance
You can’t predict the future, but you can protect your loved ones, lifestyle, and assets by utilizing Whole Life insurance.
Whole Life Insurance types:
- Variable Universal Life Insurance – for Investment Control
- Indexed Whole Life Insurance – Index-linked Cash Value
- Reduced Paid Up – Eliminates Premiums
- Guaranteed Issued Whole Life – Coverage for Complex Health
- Child Life Insurance – Guaranteed Insurability
- Limited Payment Whole Life Insurance – Short Premium Period
- Single premium Whole Life – One-time payment
- Simplified Whole Life – No medical examen
- Traditional Whole Life – Fixed Cash Value growth
- Modified whole Life Insurance – Lower Initial Premiums
- Joint Life Insurance – Coverage for two
Whole life insurance is a powerful financial tool for you and your family. You may want to add whole life insurance to your financial portfolio.
At Lucking Life Insurance, we are committed to guiding you to solutions that fit your needs and give you peace of mind.