Final Expense Life Insurance

Final expense insurance is an affordable whole life insurance product used to cover things such as medical expenses, credit card bills and funeral costs.

  • How it Works

Final expense insurance is the same as normal life insurance, but the amount of money that your beneficiaries receive in the event of your passing is smaller. This makes Final Expense more affordable.

  • Is Final Expense Life Insurance Right for Me?

Benefits:

  1. Permanent coverage

  2. More options for those with health conditions

  3. Can be more affordable for clients over age 60

Cons:

  1. Coverage limits

  2. Can be more expensive than other options for healthy clients

Frequently Asked Questions

What if I am in poor health?

Many final expense carriers will still approve clients with a variety of health conditions. For those with more severe conditions there is always a Guaranteed Issue option. Guaranteed issue policies will guarantee approval for anyone, regardless of their health. The catch with guaranteed issue is that the client must wait 2-3 years before coverage is fully in effect. If the client dies before initial period all premiums are refunded.

Get In Touch.

Have questions? Ready to apply? We are always available

6AM-10PM Monday through Friday.

An agent will normally respond within 24 hours or less or you can schedule a specific time below.

ask@info.stellamarisagents.com

888-290-2484

© 2022 Stella Maris Insurance Agents. All Rights Reserved.