Still have questions about final expense life insurance? Here are the answers to some of the most common questions about final expense.
What is final expense life insurance?
Final expense life insurance is a type of whole life insurance that provides a small amount of coverage to pay for final expenses. It is mainly sold to seniors, but some companies offer it to adults as young as 18.
Is final expense life insurance the same as burial insurance?
Yes, final expense life insurance is the same as burial insurance. It got this name because most insureds buy the policy to pay for burial costs, so their loved ones don’t have to.
How much does final expense life insurance cost?
Final expense life insurance rates depend on your age, health status and the coverage amount. While you don’t have to take a medical exam, you can get a cheaper rate if you answer a few health questions on the application.
Is a medical exam required to qualify for final expense life insurance?
No, a medical exam isn’t required to qualify for final expense life insurance. This is one reason it’s an attractive option for seniors who can’t qualify for other types of life insurance because of their health.
Should I get final expense life insurance?
You should get final expense life insurance if you can’t qualify for another life insurance policy, have already been denied coverage, have serious health issues and Your loved ones can’t afford the average funeral costs.
Funeral costs have been skyrocketing in recent years! The average funeral costs OVER $10,000 nowadays.
$35,000 Final Expense Benefits for those 50 yrs old and older.
Take This Short Quiz To See If You Qualify!