Burial Insurance

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Uploaded by on Apr 13, 2009

http://www.quotesfortermlife.com

Final Expense or Burial Insurance is designed to cover any outstanding debts or obligations of an estate. Beneficiaries are issued a check to cover all of the necessary expenses when the insured dies. Also, these types of policies are simplified issue whole life policies -which means that there is a short application and no medical exam requirements-. Typically the highest amount of coverage a person can receive is $25000 of whole life insurance; the premiums never increase and the policy builds cash value. This is valuable to some people because as their needs change over the years the funds can be accessed or redirected as one would see fit.

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