Who can get final expense coverage?
Final expense coverage is designed to cover the last stages of life expenses. Coverage amounts from $5,000 - $25,000 are available. A medical exam is not required in the underwriting process; applicants can have pre-existing medical conditions.
When applying for a final expense policy the application process is simple and only requires:
- a medical questionnaire
- a review of prescription medications and
- a personal history interview
How can I use final expense coverage?
- The policy premium is guaranteed not to increase
- The death benefit is guaranteed as long as premiums are paid on time
- In the event you pass away, your beneficiary will receive the life insurance proceeds income tax-free*
* Based on current tax laws
** Based on product selected
Living Benefit
- Terminal illness benefit accelerates the death benefit if diagnosed with a terminal illness with a life expectancy of less than 12 months.**
- The accelerated death benefit is received income tax free.*
- Plus, there are no restrictions on how you may use the proceeds.
1. Help you understand what you have
Whether you currently have life insurance or not, an expert agent will have a quick conversation with you and answer your questions.
2. Discuss your personal goals
During this conversation, the agent will work with you to determine your goals, whether it be to replace personal income, pay off debt, or provide college education.
3. Create and adjust your plan to the stages of your life
Once you identify your goals, the agent will create a life insurance program that meets your unique needs.
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