Benefits of Final Expense Insurance
Final Expense Insurance is a type of whole life, permanent insurance. These are non-cancellable policies primarily designed for quick tax free payout for funeral expenses, legacy gifts, and final debt payments.
- Cash Value for emergecies over time
- No immediate payment during application
- Payouts are tax free for ANY purpose
- 80% of policies have no waiting period
- Coverage from $2,500-$50,000
- Guaranteed policies available for poor health
- Riders for grandchildren available
- Peace of mind for you; protection for everyone
- No health exam (just profile questions)
- 15 companies screened to get the best rate
- Rates locked in for life
- Cannot be cancelled by the insurance company
- Payouts usually in 2-3 days
- Free accelerated benefits for terminal illness
- Offered to ages 50-85 (other options too)
- All companies AM Best Rated A/A+
Features of FINAL EXPENSEUNDERWRITTEN TERMinsurance types (keep scrolling down)
| Features | Whole Life Final Expense | Term (fully underwritten) |
|---|---|---|
| Premiums Locked In for Life | no | |
| Premiums Rise over time | no | |
| Requires Periodic Renewal | no | |
| Cannot be cancelled by the insurance company | can be cancelled at end of term or rates increase | |
| Premiums generally lower initially because the insurance ends at some point in the future | no | |
| Builds Cash Value | no | |
| No Health Exam | for fully underwritten, a full health exam is usually necessary | |
| Instant of Quick Approval | no | |
| Immediate Premium Payments Necessary | no | no |
| Payout in 2-3 Days following death | no |