What is Final Expense Life Insurance?Losing a loved one is never easy, and the last thing you want to do is leave them with the burden of covering your final expenses. That's where final expense life insurance comes in. It's a type of insurance policy specifically designed to cover the costs associated with your end-of-life expenses, such as funeral costs, medical bills, and other related expenses.
But what exactly is final expense life insurance? Simply put, it's a type of whole life insurance policy that provides a death benefit to your beneficiaries upon your passing, which is intended to cover your final expenses. Unlike other types of life insurance policies, final expense insurance policies typically have lower coverage amounts, making them more affordable and accessible to those who may not qualify for traditional life insurance policies. Graded & Guaranteed Issued Whole Life InsuranceOne of the key benefits of Graded Whole Life Insurance is that it is available to individuals who may have difficulty obtaining traditional life insurance due to health issues or other factors. The policy's coverage amount may be lower than traditional policies, but it provides an excellent option for those who may have previously been unable to secure life insurance coverage.
Guaranteed Issued Whole Life Insurance is a type of permanent life insurance that does not require a medical exam or health questions to be answered. This means that regardless of your age or health status, you can still receive coverage. Our policy offers a guaranteed death benefit that will not decrease and premiums that will never increase. Contact us to learn more about the right final expense coverage for you. |