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Introductions To Final Expense

Introduction to Life Insurance

A life insurance policy can help protect your family’s financial security, their future, and their peace of mind. Find out if the kinds of life insurance we offer might be right for you.

Life Insurance Options

Coverage Options

Applying for Life Insurance

Introduction to Life Insurance

Final Expense Insurance

Final Expense is designed to cover the costs associated with a person’s funeral, burial, and other end-of-life expenses. A Final Expense policy can be a good choice for older individuals who want to lessen the financial burden on their loved ones after their passing.This specialized type of life insurance offers a lower coverage amount than traditional life insurance, and age limits are often higher — up to 85 with some policies. Qualifying can be simpler with a few health questions and little to no medical underwriting.

Simplified Term Insurance

With simplified term life insurance, you’ll go through a quicker qualification process. This kind of insurance may be ideal for those who do not want to wait for medical underwriting, or who want coverage to start as soon as possible.You will typically answer some health questions and may be able to get your approval instantly. Simplified term life insurance often has lower maximum age limits and a smaller face value, compared to term life with medical underwriting, but it still may be a great choice for your unique situation.

Indexed Universal Life (IUL) Insurance

IUL insurance is a type of permanent life insurance. This means it can last your entire life and build cash value. Indexed (and other universal life) policies also offer the option of adjusting the death benefit based on your needs.Choosing Indexed Universal Life insurance also means you can potentially borrow against the value of your policy if life circumstances change. This fully underwritten life insurance could offer better premiums or extra features for those in good health.

Simplified IUL Insurance

This cousin to Indexed Universal Life shares many of the same benefits, but with a streamlined qualification process. You’ll answer medical questions, rather than go through medical underwriting.  Simplified IUL can be a good fit if you have some health concerns or simply want to avoid a full medical exam. Just like fully underwritten IUL, these are permanent life insurance policies that build cash value and can be adjusted to meet your changing financial needs.
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Coverage Options

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Final expense life insurance can be used by the beneficiary designated as needed rather than being limited to specific funeral services and providers. Final expense life policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. This type of policy generally doesn’t require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues. Policy guarantees are based upon the claims-paying ability of the issuing life insurance company.

This is a solicitation of Indexed Universal Life Insurance (IUL) policy. A licensed agent/producer may contact you. Coverage, products, and features may not be available in all states and will vary by policy. An IUL policy isn't directly invested in the stock market, but earns interest based upon the performance of an index, with an interest crediting floor, typically 0%. The cash value can decline even with a floor due to premiums and other costs. An IUL policy contains specific limitations, exclusions, termination provisions, and requirements for keeping it in force. Please see review your contact for full details. All guarantees are subject to the financial strength and claims-paying ability of the issuing life insurance company.

Reducing or skipping premium payments will impact the amount of interest paid and may impact how long the policy lasts. Accessing the cash value of a policy will reduce the available cash surrender value and the death benefit. Any loans from a policy's cash value are subject to interest and the balance is deducted from your death benefit. A policy owner does not have the ability to make unlimited payments into the policy. If too much money is paid into the policy, it will become a Modified Endowment Contract (MEC) and withdrawals and loans will be taxable. The term “Simplified” indicates the use of a simple form of underwriting which can minimize the amount of time to secure life insurance coverage.

The death benefit generally will not be paid if the insured’s death results from suicide, while sane or insane, within the contestability period. Instead, the benefit will pay the sum of the premiums paid since issue, less any loan and loan interest due and any withdrawals. Exclusions and limitations may vary by state and will vary by policy.

This is a solicitation of insurance. A licensed agent/producer may contact you. Coverage, products, and features may not be available in all states, may vary by state, and will vary by policy. Rates may be higher due to tobacco use. Your rate and availability for this product will be subject to underwriting. Policies contain specific limitations, exclusions, termination provisions, and requirements for keeping them in force. Please see your policy or contact the insurance company for full details. Approval is based on your answers to the questions on the application and information obtained from other sources. All guarantees are based on the claims paying ability of the life insurance company.

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