Final Expense

This is also referred to as Critical Period coverage. This coverage is usually $10K-$30K of protection. These funds are used to pay for funeral costs, medical expenses, or any debt. It also doubles as a great mortgage and equity protection product, leaving one to three years’ worth of payments to a spouse or other loved one. This will give them time to decide whether to stay at the home or sell and use equity to downsize, etc.
What if you have an elderly loved one who needs coverage? It makes sense to pay a monthly amount now versus having to cover all of it all at once when the individual passes. Share the expense with the rest of the family now.

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Please note that the examples herein are not company or product-specific. They are concepts shown to give you general information of the benefits and limitations of the products and strategies and are not designed to be a recommendation to buy any specific financial product or service. Products change and such product concepts may not be suitable for your needs or available in your state.
*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.
**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. Limitations and qualifying conditions apply. Optional riders may be available with a charge.
***Safe-Retire.com and The Gale Group are not associated with or endorsed by the Social Security Administration, the IRS or any government agency.
^Increased income is possible following a specific strategy suited to your financial goals and may require buying multiple annuities or keeping the annuity for the full-time period. May not be available in all states. Results may vary and will be less if excess withdrawals are taken.
» For your suitable benefits. Fees are lower than investment products.
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