Why buying final expense insurance may be the right move
At Phoenix Insurance, we sell insurance products geared toward seniors, often called final expense insurance. While that product might not be for everybody, it could be just what you need.
First, let’s define final expense insurance. Also known as funeral insurance or burial insurance, final expense insurance is, generally speaking, insurance an older person may buy to cover the cost of their funeral.
Here’s a little bit about it from personal finance expert Laura Adams, writing in the Huffington Post:
Nobody likes to think about funerals, especially their own. But if your family doesn’t have thousands of dollars to bury you, pre-funded funeral insurance may provide an affordable solution.
Funeral insurance is designed for people who don’t have money set aside to pay for their own burial costs and don’t want to leave that financial obligation to their loved ones.
One reason people buy funeral insurance policies is because they don’t want to be a burden to their families, says Paul Martin, a spokesman for Trusted Choice, an affiliation of independent insurance agents.
“I think that’s a noble sentiment, particularly if your kids are struggling, too,” Martin says.
A funeral can easily cause financial strain. The average cost for a funeral or cremation as steadily risen in the last couple of years. The conservative figure a few years ago was around $6,000, but that’s no longer the case. According to Parting.com, the cost of a typical funeral in 2017 is between $7,000-$10,000.
At Phoenix Insure, final expense insurance is our specialty. As we say on our website:
Phoenix Insure has a primary focus on Life Insurance products for the senior market. Often known as “Final Expense,” these products are designed to be easily written and approved for folks faced with the difficult question of “how do I avoid leaving my family with the final expense bill.”
Our Agents have multiple top carriers at their disposal, so finding the best plan is easy. Plus, you have all the latest tech to make sure to get the application process done without flaws!
Most of our agents enjoy a flexible work week and have goals of netting $2,000 a week or more.
Training our agents to get up to speed quickly is the highest priority of management with multiple training calls, one-on-one sessions with a proven manager and regional training schools.