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Book your free quote review with America’s #1 Award-winning Pro in mortgage and income protection. ONLY openings left!
Final expense insurance is a policy serving a unique purpose in the realm of life insurance. While its common use is associated with covering funerals and other end-of-life costs, the freedom it’s cash disbursement permits, gives it a flexibility that makes it worthwhile for anyone.
There are thousands of agents you can talk to about getting a final expense plan, but doesn’t it make much more sense to meet with America’s #1 award-winning expert who can guide you to the perfect plan and the right company that’s tailor-made specifically just for your situation?
Final expense policies provide lump sums (AKA a death benefit) upwards of $50,000. However, most will opt for policies with a $10,000 death benefit. That’s because most will purchase just enough to cover funeral expenses so their loved ones won’t have to. Funerals typically range from $7,000 to $12,000.
Your funeral costs will depend on:
When you enroll in final expense, you’re getting a policy that lasts forever. Enrolling in final expense is easy, too, as there are no medical exams like you’d encounter with most forms of life insurance. That not only makes enrollment more expedient, but it also makes this policy more accessible. One of final expense insurance’s biggest selling points is that it’s an option for individuals who can’t qualify for other policies, and it gives them coverage when there’s nowhere else to turn.
When you sign up, you can choose between two forms:
Simplified issue only requires answering a set of medical questions as part of its medical underwriting process. It is better for younger individuals in good health. This features lower premiums. This policy becomes active almost immediately following your enrollment.
Guaranteed issue has no medical underwriting at all, which is why these policies are best suited for older individuals in ill health. Since there is a greater assumed risk on the insurer’s behalf, a guaranteed issue policy will be more expensive. These policies often require a waiting period of up to two to three years. If you pass away before the waiting period has elapsed, your loved ones will not receive the full death benefit. Instead, they will receive a refund of all premiums paid to date along with an interest rate that typically ranges from 5 -10%.
One of the greatest features of a guaranteed issue policy is that even in the waiting period, the interest earned back on the premium is greater than what the individual would have received if they saved the monthly amount in a bank checking or savings account.
Generations Insurance Solutions LLC presents you with an opportunity to get your final expense policy from the very best. You’re getting a policy from a knowledgeable professional who has earned recognition as the top leader in a competitive industry.
Call today for a policy that no one else can beat at (800) 494-0937.
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