Final ExpenseAre you interested in or currently selling Final Expense?
Final Expense Insurance
The average cost of a funeral is $10,000. Final Expense aka as ‘Burial Insurance’ is primarily sold because the client desires to leave money so that the family & friends can’t have a proper burial without the stress of having to face a large bill. It is also an alternative to someone who can’t buy a conventional life insurance policy because of a pre-existing condition. Final Expense Insurance is not a one size fits all type of insurance. It varies from situation to situation. This is why having the choice of different types of policies will make it easier to present to your client the best solution for their needs.
The Best Final Expense Companies to Sell For
One question a lot of agents have is which are the best Final Expense companies to sell for? When looking for the best whole life final expense insurance we believe that it is imperative that you choose a carrier that specializes in the niche area of final expense whole life insurance. Our carriers are currently offering some of the best final expense policies available. We can help you find the company that fits your client’s specific needs.
Also Final Expense Insurance is not a one size fits all type of insurance. It varies from situation to situation. This is why having the choice of different types of policies will make it easier to present to your client the best solution for their needs.
Final Expense and Guaranteed Issue
Our Final Expense Quote engine for agents will provide you with final expense quotes from all of our insurance carriers who carry Final Expense products. This final expense quote engine is to be used as a tool in helping you determine which final expense carrier will be the best match for your client.
YOU CAN ALSO GET ADDITIONAL BENEFIT TYPES:
Assurity – Simplified Whole Life
Assurity has decided to exit the final expense market and will not accept applications on their LifeScape Simplified Whole Life product as of January 1, 2019. Read full announcement HERE.
Americo – Ultra Protector
Americo offers various whole life products to help with final expenses and burial costs for applicants ages 50-85. The products come with guaranteed level premiums and coverage cannot be canceled due to health or age. Face amounts range from $2,000 to $30,000.
Foresters – PlanRight
Forester’s PlanRight is a simplified issue final expense insurance policy. The product is outstandingly priced for those who can qualify, making it one of the most affordable final expense insurance companies. There will be health questions however the underwriting guidelines are very liberal so many clients can qualify.
Mutual of Omaha – Living Promise
Available for ages 45-85, United of Omaha Life Insurance Company offers a great level benefit policy. This is whole life burial or final expense insurance policy that builds cash value. Face amounts range from $2,000 to $40,000. There is a background check including the medical information bureau and prescription drug database.
Transamerica – Immediate Solution, 10 Pay Solution & Easy Solution
This company offers three final expense insurance options: Immediate Solution, 10 Pay Solution and Easy Solution. The Immediate Solution is a whole life policy, meaning that it can be purchased at any time before age 85 and is valid for the policyholder’s life up to age 121. The 10 Pay Solution must also be purchased before age 85. On this plan, premium payments can be made at an interval of annually or monthly, as determined by the policyholder, for 10 years. Payouts on these two plans vary as determined by the age of the policyholder, and the minimum payout is $1,000.
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