Final Expense Coverage in Chattanooga, TN

Final expense life insurance provides your family with financial security immediately at the point of death, so funds are available for burial and other end-of-life costs exactly when they are needed.

Unlike traditional life insurance, a final expense policy is not designed to provide long-term financial security. Instead, it leaves your beneficiaries with just enough money to cover burial expenses and other end-of-life costs. The price of burials has risen dramatically over the past decade, and these costs can quickly become an unexpected burden for those left behind.

How final expense coverage works

Final expense insurance is a flexible form of life insurance. Like a savings account, the policy can increase in value over time as you pay in. Your premium is higher the older you are when you buy, but it does not go up as you age. You choose your beneficiary, you are not required to take a medical exam to be covered, and your coverage will not be canceled if your health changes.

These policies can cover a range of costs (funeral services, outstanding debts, probate or legal fees, and medical bills) that other policy types often do not. You are not tied to a specific provider, geographic area, or plan, and you can even borrow against the tax-deferred value of your policy in an emergency.

There are real benefits to final expense insurance, and a few things you should understand before enrolling. Contact us to learn more about this coverage plan.