Life insurance is an important part of protecting your dependents in case you pass away. These policies allow your family members to receive financial compensation when the time comes for your physical departure, so that they can cover their financial needs temporarily.

Protect your loved ones before you are gone

Life insurance is divided into 2 main types

  • Term life insurance: This type of life insurance allows the insured to maintain the benefit for a specific period of years, which can be 1, 5, 10, 15 and up to 30 years. Its cost will depend on the time for which it is issued and, if you do not die within this period of time, the insurance expires without generating any payment.
  • Whole life insurance: In this case, the policies are maintained throughout the life of the insured, paying a monthly premium. In addition, this type of life insurance usually includes a reserve fund that you can withdraw even while you are alive.

Final Expense Insurance

Final expense insurance is a type of whole life insurance that provides a death benefit, but with a smaller death benefit than traditional life insurance policies. Final expense insurance has an easier application process and the option for beneficiaries to receive the benefit in a lump sum or monthly installments.

What is the difference between Life Insurance & Final Expense Insurance?

The main difference between final expense insurance and life insurance is that the final expense is designed to cover funeral and end-of-life costs, while life insurance is typically bought to help families fill financial gaps in case of unexpected death, such as replacing income, covering daily expenses, or saving for the future.

On the other hand, the final expense insurance in a whole life policy and its main focus is to cover the expenses that arise at the time of your death, such as funeral expenses.

Are you unsure whether to apply for Life Insurance or for Final Expense Insurance?

Among so many companies that offer coverage in these policies, the task of choosing one can be difficult, especially when you do not the benefits that each one of them can offer you.

For this reason, at Benefits Concierge Group you can find the help you need so that you can buy the insurance that best suits your. We will offer you all the options that we handle in our catalog, showing you which of them could offer you the best benefits.

But we not only guide you to the appropriate insurance, we can also advise you in the application process, filling out the documents you need so that you can obtain your insurance without problems.

Do you need help deciding which insurance is the best for you?

Also, we won’t charge you a single penny. Your safety and satisfaction is the most important thing to us. Fill out the contact form by clicking here, and in a matter of hours we will be able to contact you to start working for your safety and that of your family.

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