People have been giving gifts for centuries. Some are cherished, others are just for fun and some were never desired in the first place. But if you had one last gift to give your family, what would it be? Comfort? Security? Peace of mind?
Millions of Americans buy life insurance for these very reasons, but some people are priced out of protection due to poor health or older age.
“We see a lot of clients who aren’t aware they can get a plan that not only meets their budget, but would be a simplified issue,” said Jordan C. Smith, a partner at North American Senior Benefits.
Many people would rather watch paint dry than think about the inevitability of death. But it’s part of life, and dying can be expensive. The average funeral costs between $7,000 and $12,000.1 Then you factor in outstanding debts, recurring payments such as mortgages and bills, and future planned expenses, such as college costs for children. Would your family be able to stay afloat with you gone?
Thankfully, there’s an option that almost anyone can be approved for.
“You’d be surprised to know just how few people are aware of final expense life insurance,” said Shawn Meaike, president of Family First Life.
With final expense, there’s no medical exam, no blood or urine tests. It gets you covered faster than traditional life insurance, and your premiums will never go up or change. “The Final Expense Solutions Portfolio” from Transamerica even comes with nursing home or terminal illness benefits (just in case), and more.
Experience is everything in insurance. With over 15 years in the final expense business, Transamerica has established itself as a leader in this area. In 2021 alone, the company paid out over $143 million in final expense claims to its customers.2
What will be your last gift to your family? To learn more about final expense life insurance or to find a professional in your area, visit the Transamerica website.
1 “How Much Does a Funeral Cost?” Lincoln Heritage Funeral Advantage, 2021
2 Internal Data, Transamerica, 2022
Riders are optional, may be available at an additional cost, and may not be available in all states.
Life insurance products are issued by Transamerica Life Insurance Company, Cedar Rapids, IA or Transamerica Financial Life Insurance Company, Harrison, New York. Transamerica Financial Life Insurance Company is authorized to conduct business in New York. Transamerica Life Insurance Company is authorized to conduct business in all other states.
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