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Final expense life insurance is a type of insurance specifically designed to cover end-of-life expenses, such as funeral costs and outstanding debts. Unlike traditional life insurance policies ...
According to the NFDA, the median cost of a funeral with cremation is $6,078. That's $1,103 (15.3%) cheaper than the median cost of a funeral with a burial. And some sources put the average cost ...
For those who don’t want to burden their heirs with end-of-life expenses and don’t need a significant payout, one type of permanent insurance to consider is final expenses or burial insurance ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal ...
NGL provides pre-need (funeral) insurance, final expense life insurance and group market benefits such as vision and dental products. History. National Guardian Life Insurance Company (NGL) was founded in 1909 under the name The Wisconsin State Life Insurance Company as a stock company in Madison, Wisconsin.
This type of insurance helps cover the costs associated with end-of-life expenses, providing financial peace of mind to individuals and their families. Final expense insurance ensures that healthcare-related costs, such as medical bills and funeral expenses, do not become a burden during an already challenging time.
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