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 expenses insurance

On the other hand, final expense insurance implies the acquisition of small policies of 10, 15, 20, and up to 50 thousand dollars, which do not require a medical examination for their application. They work to cover the last expenses that arise when a person dies, such as funeral expenses, flower arrangements, etc.)

What is the difference between Life insurance & final expenses insurance?

The main difference is that life insurance is an insurance that you can take out for a specific period of time or for a lifetime, and family members who depend on you in life, such as your spouse or underage children, will receive a temporary financial benefit when you pass away.

On the other hand, the final expenses 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 a 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 know very well the benefits that each one of them can offer you.

For this reason, at Benefits Concierge Consulting Group you can find the help you need so that you can buy the insurance that best suits your profile. 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.