Final Expense
Have your Funeral paid for, so your family does not have to
The smaller death benefit of final expense insurance makes the premiums more affordable. And the policy is permanent. No matter when you die, your heirs will get the death benefit you want them to have, as long as you’ve paid your premiums.
It may not cover everything, such as paying off a large mortgage, but final expense insurance will at least help your loved ones pay the bills: bills directly related to your death, bills they’ll have a harder time paying without your income, or anything else.
Keys to Critical Illness
Policies are available to applicants with poor health.
The application process doesn’t include a medical exam, only a questionnaire and prescription history at most.
On many policies premiums never increase (this is true for many types of life insurance).
The insurer cannot decrease your policy’s death benefit unless you borrow against the policy’s cash value or request accelerated death benefits (also true for other types of life insurance).
Your heirs can use the death benefit for any purpose (again, a standard feature of life insurance).
The death benefit is guaranteed as long as premiums are paid and you don’t have a term policy (also a standard feature of any whole life insurance).
The death benefit is not taxable (also a standard feature of life insurance).
You can buy a policy with a death benefit of $50,000 or less, and that’s all some people need or can afford.
