Final Expense Insurance In Lawrence, Kansas

A funeral is one of the larger bills a family ever pays, and it arrives in the week they are least able to think about money. Final expense insurance is bought so that money is already set aside for it. It is life insurance written small, not health coverage: Medicare pays toward care, not toward a burial. Adam handles both, so this is a question you can raise on the same call as Medicare. Ask about help with Medicare in Lawrence and final expense in one go.

What Final Expense Insurance Is

Behind the name it is a whole life policy in a small face amount.

• Face amounts usually $5,000 to $35,000.
• Cash value that builds slowly.
• No medical exam on most of them.

The Medicare plans page covers the health side.

What It Typically Covers

• Funeral and burial costs, commonly quoted nationally at $7,000 to $12,000.
• Cremation, often lower, depending on the service.
• Outstanding medical bills.
• Small final debts such as a credit card balance.
• A modest gift to family.

Who It's For

• Seniors with no life insurance in place.
• Seniors whose term policy has expired.
• Anyone whose age or health rules out a traditional life policy.

It is a poor fit for replacing an income or clearing a mortgage.

Types Of Final Expense Policies

How Much Coverage

Funeral costs are commonly quoted nationally at $7,000 to $12,000, and a Kansas funeral home will give you its own price list on request.

• $10,000. The service and little else.
• $15,000 to $20,000. The service plus room for final debts.
• $25,000 and up. The service plus something left to family.

A larger face amount costs more every month, so pick a number you can keep paying.

Questions To Ask Before You Buy

• Is this a level benefit or a graded benefit?
• What happens if a payment is missed?
• Can the coverage be increased later?
• Is the cash value available while I am alive?
• What is the carrier's A.M. Best rating?

Adam's Approach To Final Expense

The conversation opens with the bill you want handled, not with a face amount. Health history then decides which carriers and policy types are open to you, and the premium has to fit a budget already set.

Adam is licensed in Kansas and based in Lawrence, and the conversation is free to you, since carriers pay the agent rather than the buyer. There is no pressure to decide the same day. More on how he works is on the about page.

Prefer a callback? Request one here and Adam will call within one business day.