Burial & Critical Illness Insurance At-A-Glance

Simplified Issue
Whole Life

Medical Exam

Guaranteed
Coverage

Face Amounts

Up to $40,000 for
ages 45-85

Coverage Length

Premium levels to age 100

Guaranteed
Issue Whole Life

Medical Exam

Guaranteed
Coverage

Face Amounts

$2,000 – $25,000
for ages 45-85

Coverage Length

Premium levels to age 100 or 121 on
some plans

Critical
Illness

Medical Exam

Guaranteed
Coverage

Face Amounts

$10,000 – $50,000
for ages 18-64

Coverage Length

Lifetime

Burial Insurance At-A-Glance

Simplified Issue
Whole Life

Medical Exam

Guaranteed
Coverage

Face Amounts

Up to $40,000 for
ages 45-85

Coverage Length

Premium levels to age 100

Guaranteed
Issue Whole Life

Medical Exam

Guaranteed
Coverage

Face Amounts

$2,000 – $25,000
for ages 45-85

Coverage Length

Premium levels to age 100 or 121 on
some plans

Critical
Illness

Medical Exam

Guaranteed
Coverage

Face Amounts

$10,000 – $50,000
for ages 18-64

Coverage Length

Lifetime

What type of final expense insurance do I need?

The type of final expense insurance you need depends on your age, health and how much security you want to leave your family. Are you worried about being denied coverage? Do you have health concerns or want protection in place for the worst-case scenario? There are types of burial insurance that don’t require a medical exam and/or guarantee coverage.

Simplified Issue Whole Life

Simplified issue whole life insurance simplifies the process of getting coverage for your final expenses by not requiring a medical exam to be insured. Instead, you only need to answer a few medical history questions.

Simplified issue life insurance is a good option if you’re between ages 45 and 85 with policies available from $2,000 to $40,000.

Guaranteed Issue Whole Life

Guaranteed issue whole life guarantees you insurance, just as the name implies. No medical exam is required, there’s no health questions and you can’t be turned down for coverage. Similar to simplified issue whole life insurance, guaranteed issue is a good option for those between the age of 45 to 85. Guaranteed issue offers face amounts of up to $25,000 for ages 45 to 85.

Guaranteed issue covers accidental death from day one, however, importantly, it does not cover death by natural causes within the first two years of coverage. In the event of a natural death within the first two years, your premiums are paid back to your beneficiaries.

Critical Illness

Critical illness insurance covers you despite future serious health issues such as cancer, heart attacks or strokes and there are specially designed policies for different conditions. Critical illness insurance requires no medical exam and provides you lifetime coverage, regardless of a future
diagnosis. Your pay out following a diagnosis or serious health issue can help replace a regular income, pay for medical bills and more.

Find Out What Type of Coverage You Need

What type of final expense insurance do I need?

The type of final expense insurance you need depends on your age, health and how much security you want to leave your family. Are you worried about being denied coverage? Do you have health concerns or want protection in place for the worst-case scenario? There are types of burial insurance that don’t require a medical exam, guarantee coverage or provide coverage following a critical illness.

Here’s a quick look at three common types of final expense insurance.

Simplified Issue Whole Life

Simplified issue whole life insurance simplifies the process of getting coverage for your final expenses by not requiring a medical exam to be insured. Instead, you only need to answer a few medical history questions.

Simplified issue life insurance is a good option if you’re between ages 45 and 85 with policies available from $2,000 to $40,000.

Guaranteed Issue Whole Life

Guaranteed issue whole life guarantees you insurance, just as the name implies. No medical exam is required, there’s no health questions and you can’t be turned down for coverage. Similar to simplified issue whole life insurance, guaranteed issue is a good option for those between the age of 45 to 85. Guaranteed issue offers face amounts of up to $25,000 for ages 45 to 85.

Guaranteed issue covers accidental death from day one, however, importantly, it does not cover death by natural causes within the first two years of coverage. In the event of a natural death within the first two years, your premiums are paid back to your beneficiaries.

Critical Illness

Critical illness insurance covers you despite future serious health issues such as cancer, heart attacks or strokes and there are specially designed policies for different conditions. Critical illness insurance requires no medical exam and provides you lifetime coverage, regardless of a future diagnosis. Your pay out following a diagnosis or serious health issue can help replace a regular income, pay for medical bills and more.

Find Out What Type of Coverage You Need

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*$5/week example policy is for female age 45, $7k policy which is $240,96 annually or $21.45 for a monthly premium. This policy is a United of Omaha: living Promise WL and is a non-participating whole life insurance to age 100, policy form ICC12L080P, underwritten by Omaha Life Insurance Company, Omaha, NE 68175. The premium is guaranteed to age 100. Minimum issue amount is $2000, maximum issue amount is $40,000 for the level benefit policy and $20,000 for the graded benefit policy. Premiums include a $36 annual policy fee. For the graded benefit policy, if the insured dies due to natural causes in the first or second policy year, the death benefit will be 110% of the premiums paid. In the third policy year or later, the full death benefit will be paid for death due to all causes Forms and plan provisions may vary by state. Plan not available in all states. Suicide and other limits may apply. Rates effective as of 1/2020. SelectQuote Insurance Services, SelectQuote Insurance Agency. ©2020 SelectQuote Insurance Services. All rights reserved.