Get peace of mind knowing your final expenses will be covered
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Final expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance designed to cover the costs associated with a person's funeral, burial, and other end-of-life expenses. The primary purpose of final expense insurance is to ease the financial burden on family members and loved ones when the policyholder passes away.
Small Face Value:
Final expense insurance policies typically have a relatively small face value, often ranging from a few thousand dollars to around $25,000. This is enough to cover funeral expenses, outstanding medical bills, and other immediate costs.
Easy to Obtain:
Final expense insurance is often easier to qualify for than traditional life insurance. Applicants may not be required to undergo a detailed medical examination, and acceptance is generally based on answers to health-related questions.
Fixed Premiums:
Many final expense insurance policies have fixed premiums, meaning that the policyholder pays the same amount throughout the life of the policy. This provides predictability for budgeting purposes.
Quick Payouts:
Final expense insurance policies are designed to pay out quickly, usually within a few days of the policyholder's death. This allows beneficiaries to access funds promptly to cover immediate expenses.
No Restrictions on Use:
The funds from a final expense insurance policy can be used for any purpose, not just funeral and burial expenses. This flexibility allows beneficiaries to allocate the funds where they are needed most.
It's important to note that final expense insurance is generally aimed at individuals who may have difficulty obtaining traditional life insurance due to age or health conditions. While it serves a specific purpose, it may not provide the same level of coverage as a larger life insurance policy.
Pre-existing conditions such as Heart Attack, Circulation, Cancer, High Blood Pressure, Diabetes, COPD, Liver/Kidney Disease, Alzheimer’s will not prevent you from getting Final Expense Insurance coverage. However, will cause a modification to your policy at the time of enrollment - which causes your premium to be higher.
INDIVIDUAL AND FAMILY COVERAGE UP TO $50,000
AGE 0-85 ELIGIBLE TO APPLY
NO PHYSICAL EXAM REQUIRED
(Insurance is based on answers to health questions on the application)
RATES CAN NEVER BE INCREASED
(Insurance is based on answers to health questions on the application)
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