A guide to purchasing MA Final Expense Life Insurance
You have decided that you need MA final expense life insurance but do not know where to begin or who to contact. You need to make sure that you purchase the correct amount of insurance with a financial stable company. This article will guide you through this maze to ensure that you receive the correct coverage.
First, you need to decide what type of ceremony that you will want to have. For instance, do you want a formal funeral, memorial with cremation, or just a simple cremation? The average formal funeral is ,500 or more depending on your arrangements. In addition to this, a casket can range between ,000-over ,000, funeral service providers will charge an average of 0-,000, a funeral plot can be A funeral plot can be 0 or more depending on where it is located in the cemetery, opening and closing a grave can be 0 to ,500, and this does not include flowers, transportation charges, and other miscellaneous charges. If you choose the memorial with cremation service you would be more than likely apt to spend of 0-,000, you should be able to rent a casket for a nominal fee, and 0-,000 for the cremation, and urns can cost around ,000 or more. Of course, the lease expensive option there is would be a straight cremation without a memorial service. The cost of a cremation is 0-,000 and an urn would cost around ,000. Now that you have a ball park figure about how much it would cost for the service of your option you now have to figure out if there are outstanding debts that you may have. Add all of these figures together and this should give you how much final expense life insurance you should purchase.
Due to the volatile economic conditions it is also important to verify the insurance carriers financial stability by referring to A.M. Best company for its rating. The insurance agent will be able to verify this rating. The A.M. Best company is responsible for overseeing insurance carriers financial stability among other criteria. It is always best to shop around for the premium amount BUT keep in mind that it is always better to become insured with an insurer that is financial stable even if this means a slightly higher premium.
If you complete these steps it should ensure that you will have the best coverage possible to suit your needs.
The author is an independent insurance agent that sell life, final expense, and medicare supplemental insurance in MA, TX, and PA.