How is Burial Insurance is different from Life Insurance скачать в хорошем качестве

How is Burial Insurance is different from Life Insurance

In this video, how burial insurance is different from life insurance to help you better understand how life insurance works. 🚨🚨 Visit me directly at https://www.arrowfinalexpense.com/ 🚨🚨 When older adults are looking for whole life insurance/ permanent life insurance you should know what is available to you and how exactly that life insurance works for you. This channel was created to provide viewers with content that will help them better understand life insurance. As a licensed Life Insurance Agent, I will go over the most important and essential facts and topics in these videos. Hello everyone I'm Kelli Arrowsmith a licensed life insurance agent and broker and right now we're going to go over how burial insurance for seniors is different than traditional life insurance and stick with me till the end when I go over the most important difference between burial insurance and traditional life insurance so first off burial insurance funeral insurance and final expense Insurance are all the same thing sometimes we hear different people uh address this type of insurance by different names but they are all the same so burial insurance for seniors is a type of whole life insurance and just like any other type of whole life insurance policy it's meant to last your whole life as the name implies so burial insurance the policy can never expire or be canceled as long as your premiums are paid the coverage amount will never change it can never decrease your premiums or the rate that you pay every month will never change it can never increase burial insurance with no waiting period, policies also build cash value which after a certain period of time you can borrow from and the death benefit is paid tax free so burial insurance is typically purchased to help cover the cost of funerals cremations a burial or any final expenses that the insured may have had whereas traditional life insurance is typically purchased as a way to provide income replacement pay off a mortgage leave an endowment or inheritance and those are just some of the main things that people use in traditional life insurance policy for so because burial insurance is typically used to cover the costs of funerals it comes in smaller coverage amounts typically anywhere from 2000 to 50 000 in coverage and older adults ages 50 to 85 can purchase these policies although there are some life insurance companies that will cover someone as young as 40. and burial insurance is very easy to qualify for instead of taking a medical or physical examination you simply answer some yes or no questions about your health and medical history in order to qualify for coverage so there we have it guys let's recap real quick burial insurance no waiting periods is a type of whole life insurance where your coverage can never be canceled and will never expire as long as your premiums are paid the coverage amount will always stay the same your premiums that you pay every month are always going to stay the same the policy builds cash value which you can borrow from and the death benefit is paid tax free burial insurance policies offer coverage ranging from amount of two thousand to fifty thousand dollars in coverage to individuals ages 50 to 85 although there are companies that will write a policy on someone as young as 40. and luckily there's never any kind of medical or physical examination to qualify for burial insurance simply answer some health qualifying questions to get your approval qualifying is easy and it's all done right over the phone if you guys have any questions about today's topic or any other life insurance related questions please let me know down in the comments and if you want to continue to get great information about life insurance please like and subscribe and I'll see you guys next time.