What types of final expense insurance are there?

Let’s recap. All insurance policies must be underwritten, either fully, partially, or not at all. We know that final expense insurance is partially underwritten, also meaning the policy is simplified issue. Within simplified issue insurance, there are benefit plans. Benefit plans determine if and when the designated beneficiary becomes eligible to receive the death benefitContinue reading “What types of final expense insurance are there?”

What other options do I have available if final expense insurance is not right for me?

As you are aware, final expense insurance is more expensive and provides less coverage with a higher premium than traditional life insurance that is fully underwritten. Our company only offers insurance policies with accelerated underwriting that can be used to fund final expenses. However, there are four alternatives you can choose to fund final expensesContinue reading “What other options do I have available if final expense insurance is not right for me?”

Who needs final expense insurance?

A need is subjective, but there are many reasons why purchasing final expense insurance is a great financial tool, although most insurance professionals would not consider insurance an investment. Life insurance provides security. More specifically, a person with little to no dependents and no significant financial responsibilities who needs immediate financial protection and coverage, andContinue reading “Who needs final expense insurance?”

How does purchasing final expense insurance benefit me?

Purchasing final expense insurance provides peace, trust, and time. A policyowner will have a peace of mind knowing their loved ones will be financially protected in the event of their death. The policyowner knows they are not leaving their loved ones to bear the cost of their untimely and unfortunate death. A policyowner will haveContinue reading “How does purchasing final expense insurance benefit me?”

What is final expense insurance?

Final expense insurance is a marketing term for simplified issue or guaranteed issue permanent life insurance. Final expense insurance is also known as funeral insurance, burial insurance, cremation insurance, death insurance, and end-of-life insurance. Final expense insurance is a special type of life insurance intended to cover the smaller and specific end-of-life expenses of anContinue reading “What is final expense insurance?”