Final Expense Insurance: Preparing ='s Peace of Mind
Covering Tomorrow's Costs Today Is Smart Planning!
$20,000 and up is not uncommon even for the most basic of funerals and visitations.
Click here for a Final Expense Calculator
Many families need insurance for final expenses but don't know where to get it.
Let them know you can help them with a very real issue.
Maybe this is not for your "Client" but for his or her parents?
$20,000 and up is not uncommon even for the most basic of funerals and visitations.
Click here for a Final Expense Calculator
Many families need insurance for final expenses but don't know where to get it.
Let them know you can help them with a very real issue.
Maybe this is not for your "Client" but for his or her parents?
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Guaranteed Issue Gerber Life "Almost" G Issue Guaranteed Trust Life Simplified Issue Oxford Life Gerber Life United of Omaha |
Final Expense Insurance is much more than "funeral" insurance. For many people, funeral costs include religious services, visitation/wake, flowers, obituary and interment fees. Funds from a final expense policy can also cover expenses such as unpaid debts and medical bills.
Since it is permanent life insurance, the policy stays in force with a guaranteed premium as long as the premiums are paid, eliminating the need to shop for insurance again and again. Most final expense plans have slightly higher premiums and or lower death benefits than fully underwritten term life or universal life plans but they are much easier to qualify for and offer coverage without a medical exam or in some cases without any medical questions at all. Coverage amounts range from $1,000 up to as much as $40,000. Many people buy more than one policy and depending on their needs and health, we can help you "stack" together what they need. But wait, wouldn't a person be better off just investing and skipping the insurance? This may be a good idea for someone who is able to set aside what would be the premium every single month and under no circumstances use the $'s for anything other than final expenses when the day comes. The perfect candidate for this "just set it aside planning" should also be able to pinpoint the date of their passing to know if saving/investing verses life insurance is the best idea. Remember, without life insurance, the money being set aside should not be used for anything other than accumulation for final expenses, not medicine, health care or family gifts. By the way, the better the applicant's health the lower the premium! You have access to Simplified Issue Life as well as Guaranteed Issue Life policies when working with us. We have Guaranteed Issue ages 40 to 80 and Darned Near G Issue for ages 50 to 80. Let Bill help you show your clients what options are available. |