Learn more about your options for final expense insurance.
What is final expense insurance?
Final expense insurance is a type of life insurance intended to cover end-of-life expenses. These expenses can include the costs of burial, credit card debt, medical bills or any other debt you don’t want to leave your family and loved ones. Final expense insurance can also be used as burial insurance to help cover for funeral expenses.
1. Simplified Issue Whole Life Insurance
Simplified issue whole life insurance can be a good option if you’re between the ages of 45-85 with policies up to $40,000 available. As the name insinuates, the process of getting covered by a simplified issue policy is much easier than a traditional term or whole policy as there’s no medical exam required. Instead, you only need to answer a questionnaire that includes questions about your medical history, health and lifestyle.
2. Guaranteed Issue Whole Life Insurance
With guaranteed issue whole life insurance, you are guaranteed coverage, making this a good option for those between the ages of 45-85 with face amounts up to $25,000. Just like simplified issue, guaranteed issue does not require a medical exam, but it also doesn’t require medical records, a database check or an additional questionnaire. Only a basic application is required to obtain guaranteed issue whole life insurance.
It’s important to note that while guaranteed issue covers accidental death from day one, 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 should be paid back to your beneficiaries.
3. Critical Illness Insurance
Critical illness insurance can cover 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 doesn’t require a medical exam and can give 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.
Learn more about your insurance options today.
Find the right type of insurance for you and your loved ones today.
If you are vision-impaired or have some other impairment and you wish to discuss potential accommodations related to using this website, please email us at email@example.com.
© Life Insurance Savings. All rights reserved
Tiburon Insurance Services is an independent organization and affiliated with SelectQuote Insurance Services. Tiburon Insurance Services is authorized to sell and service certain life insurance products.
The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent/producer or insurance company.
* Best's Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best's Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of SelectQuote or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best's Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/home/ratings.aspx
AIG Companies policies issued by American General Life Insurance Company (AGL), Houston, TX. These are not preneed insurance contracts or agreements. Benefits are payable to the beneficiary or beneficiaries as directed by the owner of policy. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG).