Senior Pre-Need Insurance - Hedges Insurance

Senior Pre-Need Insurance

Take care of everything for your loved ones’ peace of mind.

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Cover Funeral Expenses Early with Pre-Need Insurance

Funerals are expensive, and when loved ones die with no burial plan or insurance, the families are left to cover the full cost. While final expense and burial insurance policies provide a payout to named beneficiaries in the family, pre-need insurance exists only to cover the cost of a funeral at a predetermined price. The beneficiary of pre-need policies is usually the funeral home itself.

Characteristics of Guaranteed Issue Life Insurance:

  • Requires no medical exam
  • Guarantees payout to policyholder’s beneficiaries
  • Provides accelerated death benefits
  • Has higher premiums than most other types of life insurance
  • Lower return on investment

Is Guaranteed Issue Life Insurance Right for You?

That depends on several factors. Typically, this type of insurance is issued to people over the age of 60, particularly seniors who have about 10 or fewer years left to live. In many cases, Guaranteed Issue life insurance is a last-resort policy for those who can’t qualify for other types of life insurance due to existing medical problems. The coverage is 100% guaranteed, but this means that the premiums are almost always more expensive than other types of life insurance, and the coverage amounts are relatively low.

Get in touch with our team to learn more about Guaranteed Issue Life Insurance and see if this option is right for you.