Final Expense Insurance in Wisconsin
Help Make Sure Your Family Isn’t Left With the Financial Burden
No one likes thinking about their own funeral or what happens after they’re gone.
But there’s an important question worth asking:
If something happened to you tomorrow, would your family have the money available to take care of your funeral and other final expenses?
For many families, coming up with several thousand dollars unexpectedly could be difficult — especially at a time when they’re already dealing with the loss of someone they love.
Final expense insurance is one way to plan ahead.
I’m Bill Meyer, owner of Meyer Insurance Agency in Shawano, Wisconsin. For over 30 years, I’ve helped individuals and families understand their insurance options and make decisions that fit their needs and budget.
My job isn’t to pressure you into buying insurance.
It’s to help you understand your options and decide what makes sense for you and your family.
What Is Final Expense Insurance?
Final expense insurance is a type of life insurance designed to provide a death benefit to your beneficiary when you pass away.
The money can generally be used for whatever your beneficiary needs, including:
- Funeral or memorial services
- Burial or cremation expenses
- Medical bills
- Credit cards or other outstanding debts
- Household expenses
- Other financial needs your family may have
The idea is simple:
You plan ahead so your family doesn’t have to figure everything out financially during an already difficult time.
Why Do People Consider Final Expense Insurance?
Everyone’s situation is different.
Some people have substantial savings or life insurance already in place. Others may have some coverage but aren’t sure whether it’s enough.
And many people simply don’t want their children or other family members to have to come up with the money for their funeral.
You may want to consider final expense coverage if:
- You don’t currently have life insurance
- Your existing life insurance may not be enough
- Your life insurance through work ended when you retired
- You don’t want your family using savings to pay your final expenses
- You have debts or bills you don’t want to leave behind
- You simply want to have something specifically set aside for your family
You don’t necessarily need a large life insurance policy to accomplish that.
Sometimes a smaller policy designed around your specific needs is all that’s necessary.
How Much Final Expense Coverage Do You Need?
There’s no single answer that’s right for everyone.
Before looking at coverage amounts, I like to find out what you’re actually trying to accomplish.
Do you primarily want enough to cover your funeral?
Do you have other bills or debts you’d like to provide for?
Do you already have some life insurance or savings?
And just as importantly:
What monthly amount would comfortably fit your budget?
Insurance should help provide peace of mind — not create another financial burden.
Once I understand your situation, I can compare available options and help you decide what amount of coverage makes sense.
How Does Final Expense Insurance Work?
Final expense coverage is generally permanent life insurance designed for people who want a smaller amount of coverage for end-of-life expenses and other financial needs.
Depending on the insurance company and your individual situation, eligibility, coverage amounts, premiums, health questions and policy features can vary.
That’s one reason I don’t believe in simply throwing out a quote before learning a little about you.
The least expensive policy isn’t necessarily the best policy if it isn’t appropriate for your situation.
My job is to help you compare your options and understand what you’re looking at before you make a decision.
Do I Need a Medical Exam?
Many final expense insurance policies use simplified underwriting and may not require a traditional medical examination.
However, insurance companies have different underwriting requirements, health questions, age limits and eligibility guidelines.
I’ll ask you a few basic questions so I can determine which companies may be worth considering for your particular situation.
That can save you from applying with a company that may not be a good fit.
What If I Have Health Problems?
Don’t automatically assume you can’t qualify.
Different insurance companies look at health conditions differently.
One company may view a particular health condition differently than another company does.
Because I’m an independent insurance agent, I’m able to look at options from multiple insurance companies rather than trying to fit everyone into one company’s policy.
I’ll help you determine what options may be available based on your individual circumstances.
What If I Already Have Life Insurance?
That’s perfectly fine.
In fact, one of the first things we should look at is what you already have.
You may already have enough coverage.
Or you may discover there’s a small gap between the insurance and savings you have today and what you’d like available for your family.
If what you already have accomplishes your goal, I’m not interested in selling you another policy simply for the sake of selling insurance.
The goal is to determine whether you actually have a need first.
Why Work With an Independent Agent?
When you contact one insurance company directly, you’re generally looking at that company’s products.
Meyer Insurance Agency is independent.
That allows me to compare available options from multiple insurance companies and look for coverage that fits your needs, health situation and budget.
For over 30 years, I’ve helped individuals and families make sense of their insurance choices.
I believe insurance should be explained in plain English so you understand:
- What you’re applying for
- How much coverage you’re getting
- What the premium is
- How the policy works
- Who the insurance company is
- And why we’re considering that particular option
You should feel comfortable with your decision before moving forward.
You’re Not Calling a Call Center
This is something that’s become increasingly important to me.
When you contact Meyer Insurance Agency, you aren’t being passed from one representative to another.
You’ll work directly with me — Bill Meyer.
I’m located right here in Shawano, Wisconsin.
I’ll take the time to answer your questions, explain your options and help you decide what makes sense.
And if you have questions later, you’ll know who to call.
Frequently Asked Questions About Final Expense Insurance
Is final expense insurance the same as life insurance?
Final expense insurance is a form of life insurance. It’s typically purchased in smaller coverage amounts and is often used to help families with funeral costs and other expenses after someone passes away.
Can my beneficiary use the money for something besides my funeral?
Generally, life insurance proceeds are paid to the beneficiary, who can use the money according to their needs. Policy terms can vary, so we’ll review the specific coverage you’re considering.
How much does final expense insurance cost?
The cost depends on several factors, including your age, coverage amount, health and the insurance company.
That’s why I prefer to learn a little about your situation before recommending an option.
Can I qualify if I take medications?
Possibly. Taking medication by itself doesn’t necessarily mean you can’t qualify. Different companies have different underwriting guidelines, so we’ll look at your overall situation.
Is there an age limit?
Age limits vary by insurance company and policy. I’ll help determine which options may be available based on your age and circumstances.
Do I have to make a decision right away?
No.
My job is to give you the information you need to make an informed decision.
I want you to be comfortable with what you’re doing.
Let’s Talk About What You Want to Accomplish
You don’t have to figure this out by yourself.
If you’ve been wondering whether your family would have enough money available for your funeral and other final expenses, let’s have a conversation.
We’ll look at:
- What you already have in place
- What you’d like to accomplish
- How much coverage may make sense
- What comfortably fits your budget
- Which insurance companies may be appropriate for your situation
Then you decide whether moving forward makes sense.
There’s no obligation and no pressure.
Talk With Bill
Call Bill Meyer at 715-524-3639
Meyer Insurance Agency
145 Robin Ln
Shawano, WI 54166
Serving individuals and families throughout Wisconsin.
Independent Insurance Guidance Since 1993
