For many individuals, discussing final expenses can be uncomfortable, but it's an important aspect of financial planning, especially for those aged 50 and older. No one wants to leave their loved ones burdened with the financial responsibility of paying for their end-of-life arrangements. If you're considering buying more life insurance but worry about qualifications, or if you aim to leave a tax-free legacy for your family, Hermann Sons Life stands out as a unique life insurance provider in Texas.
We not only offer the financial protection you need but we also reinvest our earnings into communities and member programs, making a positive impact where it matters most. Our Senior Adult Final Expense Plan, also known as the SAFE Plan, provides peace of mind by ensuring that your final expenses are covered. With features like annual 2% growth in the death benefit, single premium payment options, modified underwriting requirements, and coverage amounts ranging from $5,000 to $50,000 for individuals aged 50 through 90, the SAFE Plan is designed to meet your specific needs and offer financial security during a critical time in life.
Benefits of Our SAFE Plan
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Comprehensive Coverage: Unlike many pre-need burial plans that may not cover all funeral costs, the SAFE Plan from Hermann Sons Life offers comprehensive coverage for various expenses associated with final arrangements.
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Flexibility in Use: There are no restrictions on how the proceeds from your SAFE Plan can be used. This means that the money can be utilized to cover not just funeral expenses but also incidentals such as fees for the church and clergy, police escorts, burial plot, monument, and more.
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Debt Settlement: In addition to final expenses, the funds from the SAFE Plan can also be used to settle outstanding debts such as medical bills, credit card bills, and even a mortgage. This provides financial relief to your loved ones during a challenging time.
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Legacy Planning: If you don’t require the money for final expenses or debt settlement, you have the option to leave the proceeds in your SAFE Plan to benefit your children, grandchildren, or a trust/foundation of your choice. This allows you to leave a lasting legacy and provide financial support for future generations.
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Control Over Finances: With the SAFE Plan, you have full control over how the money is spent and who receives it. This empowers you to make decisions aligned with your financial goals and priorities.
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Tax-Free Benefits: It's important to note that life insurance proceeds pass tax-free to your beneficiaries, providing them with a valuable financial resource without the burden of tax implications.
Be Prepared with Hermann Sons Life
It’s pivotal to understand the importance of being prepared for any of life’s uncertainties, especially when it comes to final expenses. Hermann Sons Life understands the sensitivity of these discussions and aims to provide not only financial protection, but also peace of mind. Our SAFE Plan is designed to cater to the specific needs of people 50 years and older offering comprehensive coverage, flexibility in use, debt settlement options, legacy planning opportunities, control over finances, and tax-free benefits for your beneficiaries.
By choosing Hermann Sons Life, you're not just securing your own financial future, you're also contributing to the well-being of your loved ones and also your community. We believe in making a positive impact where it matters most, and our commitment to reinvesting our earnings into communities and member programs reflects this.
Take the first step towards financial security and leave a lasting legacy. Contact us by calling a Hermann Sons Life Insurance Agent today at 210.527.9113. We're here to support you every step of the way.