Final Expense Insurance
Today, more people are recognizing that planning a funeral in advance of need demonstrates love and consideration toward their family members. Most policies offer a “guaranteed acceptance,” which means that you would not undergo a medical exam or be required to answer questions about your health. These whole-life policies provide coverage for the rest of your life and have cash value. In addition, these policies will also include a cash value component where tax-deferred savings can be built over time. These funds may be withdrawn or borrowed against if the policy holder opts to do so. The important thing to remember is that these are protected against inflation so regardless of what age you choose to buy your pre-need product, you will not have to worry if funeral costs rise.