Low Cost - State Approved Plans
Final Expense Insurance policies are low cost plans because they are designed to only cover the costs of your final expenses.
No Medical Exam
Final Expense Insurance policies are issued without the need for a medical exam, and since most policies are purchased by seniors, the underwriting guidelines are very liberal. Your policy can be issued in a matter of days rather than weeks or months.
Guaranteed Accepted Plans
Applicants who apply with severe or multiple medical issues will be able to purchase a guaranteed issue policy. These policies were designed for applicants who cannot medically qualify for standard policies so there is no medical underwriting considered for a policy to be issued.
Since the insurance company is accepting an unknown medical risk, there is generally a two-year waiting period when the death benefit will be the sum of all premiums paid plus an additional 10%.
Lifetime Coverage with Guaranteed Level Premiums
Final Expense Insurance policies are issued without the need for a medical exam, and since most policies are purchased by seniors, the underwriting guidelines are very liberal. Your policy can be issued in a matter of days rather than weeks or months.
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