FAQs
How much coverage do I need in Final Expense insurance?
The National Funeral Directors Association reports funeral costs averaging ~$8,300–$10,000 depending on services. Adding medical and final estate costs, many people choose policies in the $10,000–$25,000 range.
How much coverage is sufficient in a Life Term insurance policy?
A common guideline is 10× your yearly income, but you may need more if you have substantial debt or plan for college expenses.
How much coverage should I get for Critical Illness Insurance?
That varies—but a common guideline is to choose a benefit that covers 6–12 months of income, or enough to manage major medical and living expenses.
How much does accident insurance cost?
Premiums are generally affordable—often just a few dollars per week—and are priced based on coverage levels and the insurer.
How much does Cancer Insurance cost?
Premiums vary by age, benefit amount, and provider. For example, a lump-sum policy may cost around $19/month for coverage from $5,000 to $100,000.
How much does Disability Insurance cost?
Premiums generally run about 1–3% of annual income, similar for STD and LTD. Individual factors like age, health, and occupation can influence the rate.
How much does DVH Insurance cost?
Premiums typically range from $25 to $150/month, depending on coverage levels, plan type, and provider. Aflac’s tiered DVH plans can increase in benefits as you stay enrolled longer.
How much does LTC Insurance cost?
Premiums vary by age, health, gender, benefit amount, elimination period, and location. Example: a 55-year-old individual might pay ~$102 per month for $165,000 in benefits, while couples at age 55 pay around $2,080 annually.
How much does Medigap cost on average?
Popular Plan G averages $100–150/month; Plan F (available to older enrollees) may cost more. Premiums vary by plan type and market.
How much does travel insurance cost?
Typically about 4%–10% of total trip cost, depending on traveler age, trip price/length, destination, and selected benefits.
How much of my income do these STD/LTD policies replace?
STD typically covers 60–80% of pre-disability income. LTD generally pays 40–70%, depending on your policy.
How quickly are Final Expense insurance benefits paid out?
Payout times vary—some insurers pay within 24 hours, while others may take weeks to months.
How quickly does coverage begin and claims get paid?
Coverage often starts within days of enrollment. For example, some carriers state claims are processed within 10 business days after submitting required documents
How quickly does short-term medical insurance coverage start?
Short-term medical insurance coverage often begins within 24 hours to the next day of application—with only a few health screenings required.
Is a medical exam required to get a Term Life insurance policy?
Often, yes—especially for higher coverage amounts. No-exam policies exist but may cost more and pay out less initially.