term life insurance for seniors

Final Expense Life Insurance Quotes

Final Expense Life Insurance Quotes

Here’s what you need to know about getting final expense life insurance quotes.  According to the Federal Trade Commission (FTC) a typical funeral with casket and vault will run you around $6,000.  Throw in obituary notices, flowers and limousines and you’re up in the $10,000 range.

Final expense life insurance is basically a whole life insurance policy with a low death benefit usually anywhere from $5,000 to $50,000.  Final expense insurance also goes by the name burial insurance or funeral insurance.  Just like any life insurance policy you can name the beneficiary of your choosing.  It would then be up to your beneficiary to use the death benefit proceeds to pay your final expenses.

Final expense life insurance policies are typically simplified issue policies, meaning there is no physical exam required, but a few health questions are asked on the application and again by telephone interview.  If you are not healthy enough to qualify for a simplified issue finale expense life insurance policy then you can get final expense life insurance quotes for a guaranteed issue finale expense life insurance policy.  Guaranteed issue policies are issued to anyone who applies with very few exceptions and no medical questions are asked.  These types of final expenses life insurance quotes are quite a bit higher than simplified issue final expense life insurance quotes.

Guaranteed issue final expense life insurance policies typically have a graded or modified death benefit.  What this means is that in the first 2 or 3 years if the insured dies the policy will only pay out a percentage of the death benefit or it will pay back premiums plus interest.  After this initial 2 or 3 year period the death benefit will be the full face amount of the policy.

For example, United of Omaha sells a simplified issue final expense whole life insurance policy called Whole Life Express.  Face amounts are from $5,000 – $50,000.  It is issued from ages 0 – 80.  For final expense life insurance quotes for this product, please call us at 1-888-950-8376.

Other companies that we can provide you with final expense life insurance quotes for are Royal Neighbors of America, United Home Life, Standard Life,  Transamerica, MetLife and American Memorial to name a few.

Please call us today for your final expense life insurance quotes at 1-888-950-8376.

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