Life Insurance for parents: Final Expense Insurance

TAMPA, Fla. - June 5, 2015 - PRLog -- There are many different types of insurance, and which one is best for your parents depends on a lot of factors, including their age and medical condition. There are some general guidelines that can be applied, and your options will vary according to state and company specific rules as well. Which type of policy is best for your needs will vary according to what you are trying to accomplish, but there are a number of options available.

Final expense insurance is available and specifically marketed to people over 50. This type of policy does not require a medical examination, and has low monthly payments. The payout is typically low, and in some cases you may have to name a funeral home as the sole beneficiary. If the main concern is paying for the funeral plot and other burial costs, this type of policy is affordable and designed for the purpose.

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