Final expense insurance is similar to life insurance, in that a policy may be issued on a term or whole life basis. Term life policies provide financial protection for a set period of time, often up to the age of 80. At that time, if no claim has been filed and the policyholder is still alive, the policy will expire. Whole life policies cover you for your entire lifetime once you’ve signed your contract, no matter when your death occurs. Age limits for purchasing a final expense policy may vary. Some insurers sell policies to qualified applicants up until the age of 85.
Securing final expense coverage is relatively easy. You can apply for a simplified issue plan, which requires that you complete a basic medical questionnaire and meet specific qualifications, or for a guaranteed issue plan, which requires no questionnaire or medical exam and guarantees acceptance of your application. If you have a serious health condition and want life insurance you may be required to purchase a policy with a graded death benefit, which provides coverage after the first few years of your participation.
Although a standard term or whole life policy can cover your last expenses, traditional coverage is not the answer for everyone. If you do not qualify for a standard life policy because of a pre-existing medical condition, or if you have other means of providing for your loved ones after your death, final expense insurance may give you just as much protection as you need. Before you sign a contract, compare quotes from several trusted, reliable providers. There are a couple of carriers that give you huge discounts on funeral products! This is a HUGE benefit. If you purchase a $10,000 policy with another company, Most of that will go to the funeral home to pay for your funeral. So if you can get most of your burial products at nearly half price, your loved ones get a bigger love gift from you. Our convenient online resources make it easy to compare quotes in the confidential setting of your home.
When planning a funeral, how much should a funeral cost? This is an important question for a lot of people. If you don’t know how much a funeral or final expense will cost, you may not know how to plan for it. So let’s discuss some of the costs associated with a funeral, what goes…
Funeral Plan Checklist Planning a funeral is very emotional. When a loved one passes away, those they left behind are forced to make numerous decisions about the services in the midst of grieving. Whether you’re pre-planning your own funeral or memorial service, or you’re planning a funeral for a loved one who has passed away,…
What is Myelodysplastic Syndrome? Myelodysplastic syndromes (MDS) are a group of disorders caused by poorly formed blood cells or ones that don’t work properly. Myelodysplastic syndromes result from something amiss in the spongy material inside your bones where blood cells are made (bone marrow). Myelodysplastic syndrome life expectancy is dependent on if you have a…
Can you get life/burial insurance if you have a history or currently overuse or abuse alcohol (alcohol abuse) or other drugs? Yes, you can. Fortunately, you can get a guaranteed issue whole life policy with no questions asked. Hi, I am Mitch Winstead with Allstar Senior Benefits. Call today for a quote with…
Parkinson’s Disease Parkinson’s disease mostly affects older people but can also occur in younger adults. The symptoms are the result of the gradual degeneration of nerve cells in the portion of the midbrain that controls body movements. The first signs are likely to be barely noticeable — a feeling of weakness or stiffness in one…
The term “heart disease” is often used interchangeably with the term “cardiovascular disease.” Cardiovascular disease generally refers to conditions that involve narrowed or blocked blood vessels that can lead to a heart attack, chest pain (angina) or stroke. Can you get burial insurance if you have had a heart attack or have heart disease? The…
Quadriplegia Paralysis can be either partial, periodic, complete, or incomplete. Paralysis of both the arms and legs has been traditionally been called quadriplegia. Is there life insurance for quadriplegic patients? Yes! My name is Mitch Winstead from Allstar Senior Benefits. Our toll-free number is 866-598-8170 or 910-538-4547. Our website is www.allstarseniorbenefits.com. I have companies…
Be the first to get latest updates and exclusive content straight to your email inbox.
Give it a try, you can unsubscribe anytime.
Get A Quote
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.