Final Expense Insurance: What Is It, What It Covers & Costs

Final expense insurance is the financial safety net that catches the costs of death. This type of insurance is tailored to cover those inevitable end-of-life expenses, making sure they don’t affect your family’s savings or add stress during an already tough time.

This covers funeral costs which can run up quite a tab these days and settles any remaining medical bills and legal fees. Unlike traditional life insurance with its broader scope, final expense policies are designed specifically for tying up loose ends without leaving behind financial burdens. In this article, we’ll discuss the ins and outs of final expense insurance and why you may want to consider it.

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Ask anybody and they will likely tell you that homeowners insurance is a necessary investment. While it’s common knowledge that you should have homeowners insurance, not many people are aware of what goes into creating a policy and determining what you will pay on a monthly basis. At Fabulic Insurance Agency in Louisville, we are dedicated to helping people just like you find the coverage that is right for their needs, and that process starts with understanding how the cost of your insurance is determined. Continue reading to learn more and give us a call to start saving!

The Amount of Coverage

When you create a...

At Fabulic Insurance Agency, we know how important it is to protect your home with the right insurance policy. If you’re looking for new home insurance, or you’re planning on buying a home in the near future, let our insurance agents in Louisville help you choose the ideal policy.

People file home insurance claims for a variety of reasons, either after a natural disaster or a break-in. At Fabulic, we can help file the appropriate claim, and in this post, we’ll look at a few of the most common home insurance claims. Contact us today if you have any questions!

Wind and Hail Damage

Severe thunderstorms can wreak havoc on a home, and...

When you get into an accident or your vehicle gets damaged, one of the first things you do is reach out to your insurance company to file a claim. With that in mind, many people are under the impression that when you file a claim, it is automatically approved. However, that isn’t always the case. In some instances, your insurance company will deny your claim, and you will be forced to pay out of pocket. In today’s post, we will provide you with more information about why your car insurance claim may be denied so that you can potentially avoid it in the future.

Searching for the perfect car insurance company? Fabulic Insurance Agency is here to help car owners in Indiana and Kentucky find the perfect insurance policy for their needs. Explore our website to learn how we can help,...

Most people don’t understand consequential damages until they need to file a claim. Unfortunately, many people learn what is and isn’t covered in their insurance policy the hard way. Daniel Fabulic Insurance Agency will discuss consequential damages and how your insurance policy can cover them.

Consequential Damages

Understanding the types of damages that can be covered in your insurance policy is essential. One type of damage that is often misunderstood is consequential damages. These are not direct results of the accident or incident but are caused by the actions of the insured party.

Avoidable Policy Violators

Consequential damages are often...

Email, text messages, and social media advertisements with similar prompts have become common. With digital transactions and banking becoming more common, most people buy insurance policies online. This has given rise to phishing, vishing, and data scams. Online life insurance scams put your personal and financial data at risk of theft.

In this blog post, Daniel Fabulic Insurance Agency will discuss some of the most common online life insurance scams and how you can spot them.

Email scam:

Someone appearing to be from a life insurance agency may send you an unsolicited email. When a scammer uses email to gain additional information about you to conduct fraud, this is...

If you’re like most home insurance holders, you probably don’t consider legal expenses until you need them. When that moment comes, it’s critical to understand what your home insurance policy covers.

Daniel Fabulic Insurance Agency will explain the various legal expenses covered under your home insurance policy in this blog post. So, if you ever need legal assistance, read this post!

What Are Home Insurance Legal Expenses?

Taking a lawsuit to court can be pretty costly. Legal expenses insurance, often known as family legal protection, may be able to assist you in covering your legal...

Generating leads is essential for any business. Without leads, you cannot grow your business or make sales. That’s why it’s necessary to optimize your business for lead generation. In this blog post, Daniel Fabulic Insurance Agency will discuss some of the most effective ways to generate leads for your business. So if you’re looking to grow and improve your business, be sure to read this blog post!

What is the lead generation process?

Acquiring and converting strangers into clients or leads is known as lead generation. Lead generation usually happens in one of two ways: inbound lead generation or...

Auto insurance premiums are determined by various factors, some of which you may not even be aware of. The type of car you drive, your driving record, and your age all influence how much you pay for coverage. However, did you know that where you live can also affect your rates?

Insurance companies consider crime rates, weather conditions, and even the number of uninsured drivers in your state when setting premiums. So how do you know what to expect when it comes time to renew your policy? Keep reading for a breakdown of the most important factors that influence premiums.

Your Driving Record:

Your driving record is made up of moving vehicle infractions and at-fault collisions. It’s one of the most critical elements in determining your...

Insurance policies can be confusing. There are a lot of terms that may be unfamiliar to you, and it can be challenging to know what each one means. We will help you understand the different components of an insurance policy and what each one means for you. By understanding these components and terms, you will be able to make better decisions about your insurance coverage and find the policy that is right for you!

Declaration Page:

The “dec page” is another name for the Declarations Page. It is often the first section of a policy.

It contains the insured person’s or legal representative’s name, date of birth, driver’s license number, occupation, and postal address. It also includes information regarding the policy itself, for e.g., a...

Do you know when you need personal auto insurance and when to choose commercial auto insurance?

When you need personal auto insurance, it can be easy to assume that your regular car insurance policy will cover any accidents or damage while driving your vehicle. However, this is not always the case – depending on how and where you use your car, you may need to add an optional endorsement or get commercial auto insurance.

When you use your vehicle for business purposes, whether driving to and from meetings or hauling tools and equipment for a job site, you’ll want to consider getting commercial auto insurance. For example, if you’re using your car as part of your job (e.g., as a realtor or real estate agent delivering documents), you’ll need...

Captive Insurance

Captive insurance agents contract to work for a single insurance company and sell only that insurance company’s policies. The standard commercial insurance practices you see on TV are prime examples of this, including:

• State Farm

• Geico

• Farm Bureau

Despite appealing advertisements, there are policies these companies don’t talk about much for a reason. If you find your rates going up, you don’t have a lot of options aside from lowering your coverage limits. Changing companies is also a hassle as you will lose your current captive insurance agent during the transitional phase.

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Health insurance holds significance in everyone’s life. It’s not only a necessary safeguard against unexpected medical bills but is also a critical factor in keeping your family’s finances healthy. As you go through life, making changes to your lifestyle and health, your insurance agent must know about them and the new you.

As a trusted name throughout the community, the Daniel Fabulic Insurance Agency is here to provide you with the best coverage possible. We’ll work with you to find an insurance policy that meets your needs and budget, no matter what life throws your way. That’s why it’s essential to keep us in the loop regarding any lifestyle changes.

Here are a few changes you may make that could impact your coverage.

You Lost...

You work hard to afford your home, so it’s essential to make sure you’re getting the best deal on your homeowner’s insurance. Luckily, several methods can help you bring down your premiums without sacrificing coverage.

Please take note of the following nine top tips by Daniel Fabulic Insurance Agency!

1) Shop Around for Insurance

This might take some time, but it’s worth comparing rates from different companies. Remember to get quotes for the same coverage amount so you can adequately compare apples to apples.

2) Increase Your Deductible

A deductible is an amount you pay to kickstart insurance payments. By increasing your deductible, you...

No one would like to make an insurance claim, but unfortunately, accidents happen. When you claim your insurance policy, the last thing you want is for it to be denied. Unfortunately, many people make mistakes that can negatively affect their claims. When you have to make a claim, it is essential to avoid common blunders to go as smoothly as possible. Daniel Fabulic Insurance Agency will discuss some of the most common mistakes people make when filing an insurance claim and how to avoid them.

Reasons to Claim Rejection: Mistakes to Avoid

It’s also important to remember that your insurance policy is a contract. It means that you must follow specific procedures to file a claim. If you do not follow these procedures, your...

We all know that life insurance is essential, but have you ever wondered what factors determine the premiums? Most people assume it’s based on their age and health. While those are undoubtedly important, many other considerations determine how much you’ll pay for your policy.

So, what are the factors that determine the premiums on your life insurance policy? Here’s some helpful information from Daniel Fabulic Insurance Agency.

Lifestyle:

Your premium may be affected by various factors, including your lifestyle choices. If you live an active lifestyle with many risky activities, you’ll likely pay more than someone who lives a relatively docile lifestyle. That’s because there’s a...

You might believe your landlord’s insurance covers your belongings in the event of a fire, theft, or natural disaster, but most likely, it doesn’t. Even if it did, their policy would only cover the structure itself – not your possessions inside. So, what’s a renter to do? Get renters insurance!

Daniel Fabulic Insurance Agency gives you a few concrete reasons to buy renters insurance:

1) It’s Affordable

Renters insurance is an affordable coverage policy that does not break the bank. In fact, for about $180 per year (The average figure according to the National Association of Insurance Commissioners), renters can have coverage for a considerable chunk...

There are several reasons why you should bundle up insurance. By bundling up your insurance policies, you can save yourself a lot of money in the long run. Daniel Fabulic Insurance Agency will give you five reasons why you should bundle up your insurance.

1. Save Money

First and foremost, bundling up your insurance policies can save you a lot of money. When you bundle your policies, you are essentially getting a discount on all of them. The insurance company can offer you a lower rate than purchasing each policy separately.

2. Convenience

Another reason to bundle up your insurance is that it can make life a lot easier. Rather than dealing with...

No business is immune to disasters. A flood, a fire, a theft- any of these could completely shut down your business. Disaster can strike your business without warning. That’s why it’s essential for small to medium enterprises (SMEs) to have insurance backup in case of an emergency.

Daniel Fabulic Insurance Agency will discuss why every business should have insurance backup. We’ll also talk about the types of insurance policies and things to consider when buying insurance to protect your enterprise. So read on to learn more!

Importance of Insurance for Businesses

Insurance policies are essential for small to medium businesses because they offer...

Many customers are overwhelmed by the excessive information required and the various policy coverages, limitations, and exclusions when purchasing insurance. Although you can buy your insurance directly from the company or hire a captive agent, there is another option—an independent insurance agent who offers the best-suited insurance products of multiple companies according to the client’s requirements.

There are many benefits of enlisting an independent insurance agent. Daniel Fabulic Insurance Agency will discuss the 9 top reasons hiring an independent insurance agent is a wise decision. Keep reading to learn more!

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So you’re thinking about life insurance. It’s a big decision, and there’s a lot to consider. But what is the primary purpose of life insurance? Is it worth the money? In this blog post, Daniel Fabulic Insurance Agency experts break down everything you need to know about life insurance. We’ll explain what life insurance is and how it can help you and your loved ones.

1) Inheritance and Death Benefits

Some people purchase life insurance to leave a death benefit to their heirs. The proceeds from the policy can help pay for funeral costs, estate taxes, and other expenses associated with the deceased’s death.

Others purchase life insurance...

We don’t plan to be involved in an accident, but you’ll be glad you have auto insurance when it happens. However, not all accidents are treated the same way. What if you were doing something illegal or reckless when the accident occurred? Would your claim still be valid? Probably not. This blog post by Daniel Fabulic Insurance Agency serving Louisville. KY explores some of the activities that can render your auto insurance claim void. Read on to learn more!

1) No Proof of Accident

If you can’t prove that an accident occurred, your insurance company will decline to claim the damages. This means you’ll need to have things like photos of the...

Tired of sorting through piles of health insurance information, trying to determine what plan is best for you and your loved ones in Louisville, KY? Do all the options available overwhelm and confuse you? Fear not! Below are some quick tips from Daniel Fabulic Insurance Agency on picking an optimal health insurance plan. You can make a good decision for your family’s health and financial security by following these steps. So without further ado, let’s get started!

1) Compare Different Health Insurance Plans

It always helps to compare different health insurance plans before settling on one. This way, you can get a good sense...

Insurability is based on risk. The lower the risk, the cheaper your policy. It’s no secret that having a low credit score can increase your premiums, but did you know that it could also impact your ability to get car insurance? Numerous Americans face financial limitations due to their credit score each year, and unless you’re proactive about it, you could be one of them. This blog post by Daniel Fabulic Insurance Agency discusses how credit score affects car insurance rates!

What is a Credit Score? What Factors Influence it?

A credit score reflects a person’s payment history and overall creditworthiness. Credit score builds over time depending on your...

Having a heart attack is one of the most frightening experiences you can come across. It’s even scarier when you realize that your health insurance doesn’t cover it; you will need to pay for medical bills out of pocket. This means that getting back on your feet financially could take months or even years. That’s why it’s important to know what life insurance options are available after a heart attack! Daniel Fabulic Insurance Agency serving clients in Shelbyville and several other towns in Kentucky shares the necessary information you need to know.

Can I Get Life Insurance After Heart Attack?

The answer to this is a big...

Although we try our best to avoid them, accidents do happen. When a particularly frightening incident like a hit-and-run occurs, having a reliable insurance partner can ease the stress and frustration that often follow. For your convenience, insurance experts at Daniel Fabulic Insurance Agency in Louisville, KY, have outlined what you need to do in case of a hit-and-run accident.

This step-by-step guide lists possible actions you can take when facing a hit-and-run accident.

1) Take a Deep Breath and Relax

Anger and frustration are two emotions that cloud our judgment. So, calm down, gather yourself and check if everyone around is...

Welcome to our site! We are in the process of building our blog page and will have many interesting articles to share in the coming months. Please stay tuned to this page for information to come. And if you have any questions about our business or want to reach out to us, we would love for you to stop by our contact page.

Thank you!