A New Jersey insurance expert has introduced a senior insurance plan to Mount Laurel elderly residents in an effort to help them and their families with potentially massive end-of-life expenses.
An insurance specialist has introduced a service aimed at seniors who want to protect their loved ones from the potential financial burdens resulting from their eventual passing.
More information is available at https://www.thelovelifegroup.com/quote
New Jersey-based The LoveLife Group is offering residents a convenient way to obtain a life insurance product designed for elderly citizens who need assistance in covering end-of-life expenses.
It provides two main benefits: a life insurance cash benefit that helps cover the policyholder’s end-of-life expenditures and a family support service, which can be called upon to assist in various funeral requirements in behalf of the surviving family.
The LoveLife Group stated that the policy is unique in that it offers a streamlined process that allows for easy qualification, adding that most of their applicants get coverage.
Once a claim is approved, the company said the family can receive cash payments within 24 hours. They can expect up to $20,000 in whole-life benefits, and additional benefits for accidental deaths are also offered.
Moreover, a support group is mobilized as soon as a policyholder passes to provide support to the bereaved family. The group can help them find affordable funeral homes, assist in funeral arrangements, secure the policy holder’s last wishes, and be on standby in case a need arises.
A September 2020 article by funeral home resource site Parting revealed that the average cost of traditional funeral services in the U.S. has risen and is now between $7,000 and $10,000.
Finder, a finance comparison firm, stated that the average funeral cost in New Jersey is now at $7,137, but this does not cover the cost of a casket, embalming, and other services. It added that a traditional full-service burial in the state will bring the average expense to $11,371.
Amid these soaring costs, seniors have been underserved by the insurance industry, according to The LoveLife Group, as most life insurance products that cater to their demographic often carry a hefty price tag.
“It doesn’t have to be this way because insurance products designed with seniors and their families in mind exist, and this product that we offer is one of the most affordable ones in the market today,” a spokesperson from The LoveLife Group said.
Interested individuals who want to get a free quote can click on the URL above.
Name: Will Love
Email: Send Email
Organization: The LoveLife Group
Address: 3111 Rte 38 Ste 11266, Mount Laurel, NJ 08054, United States
Release ID: 88993555