FINAL EXPENSE INSURANCE
Final expense insurance is a modified whole life policy with
An easy approval process and a smaller death benefit.
Final expense insurance has a death benefit designed to cover expenses such as funeral/memorial services, embalming and a casket, or cremation. This type of policy is also recognized as funeral insurance and burial insurance. Primarily, the death benefits are smaller to minimize the cost of monthly premiums and ensure that a beneficiary or beneficiaries still receive what you desire. Once you obtain your policy, the premiums cannot increase, and the death benefit cannot decrease. Additionally, a beneficiary can use the death benefit for any purpose whatsoever. The qualification factors are often age, gender, heath, and tobacco use. Therefore, The older and less healthy you are, the higher your rates will be for a given amount of insurance. Men tend to pay higher rates than women because of their shorter average life expectancy.
Types of Final Expense Insurance:
- Final Expense
- Guaranteed Issue
Benefits of Final Expense Insurance:
- Policies are available for applicants with poor health
- Premiums typically never increase
- Death benefit is guaranteed
- Heirs can use death benefit for any purpose
Questions to Ask Yourself:
- How much urgent is my insurance needs?
- Will I need funds to cover your final expenses and any estate taxes?
- Do I have poor pre-existing health conditions?
Your Health, Money, & Future is Under Your Control.
Tomorrow is the most unpredictable period of our lives. Create and secure a life-proof strategy for maintaining your vital assets.
Our team of experts will exhibit care, knowledge, and experience to formulate the perfect personalized plan to guarantee you are prepared for the unforeseeable.
Our team of experts will exhibit care, knowledge, and experience to formulate the perfect personalized plan to guarantee you are prepared for the unforeseeable.