Will a Final Expense Policy Ever Expire?

No, final expense does not expire—unless or until the policyholder passes away. This, however, is not “expiring,” so much as it is the end or completion of the policy. Final Expense and Whole Life Final expense is considered a type of whole life policy. This means that it lasts your “whole” lifetime from the time

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Can a Funeral Home Be My Beneficiary?

With final expense, no, a funeral home cannot be your beneficiary, though it can work with a preneed policy. You will probably, however, still want a final expense policy—here’s why. What is a Beneficiary? A beneficiary is the person you, as the policyholder, choose to receive the death benefit of your life insurance plan. This

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What Happens if I Cancel My Final Expense Policy?

Canceling your final expense policy is generally easy, but likely means that you will have to give up the money you put towards it. However, you will not likely be charged a cancellation or surrender fee for doing so. Here are some of the things you need to know about canceling final expense and how

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Final Expense Vs. Pre-Need Insurance

Final expense and pre-need insurance both cover funeral costs and arrangements. However, final expense death benefits are larger and more flexible than pre-need. Here’s a deeper look into each policy and which is better suited for you. What is Final Expense? Final expense is a type of whole life insurance policy meant to cover a

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How Can I Buy Final Expense for My Parents?

Buying final expense insurance for your parents is a serious decision that requires careful planning and helpful insight. To get you on the right track, here are 6 steps you can follow. Step 1: Have a Heart-To-Heart with Them It is incredibly important to be fully upfront with your parents. Even if they are suffering

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Looking for a Burial Policy: Where to Begin

Burial policies are one of the best ways to take care of important final expenses. When looking for a policy that’s right for you, here are 5 steps you can take to get started. Step 1: What is Burial Insurance? Do I Need it? Before seriously considering burial insurance, you first need to understand what

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How Can Being Healthy Help You Save On Final Expense Insurance?

Healthy people can save on final expense insurance by purchasing a simplified issue policy over guaranteed issue. Both provide the same coverage, but the former is less expensive than the latter. How Does Final Expense Insurance Work? To understand how your health can change your final expense policy, you must first understand what these policies

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Can I Get Final Expense if I’m Overweight?

Yes, you can get final expense if you are overweight. Unlike other insurance policies, final expense has an option, called guaranteed issue, for those with serious health concerns to enroll. Getting Life Insurance as an Overweight Person When you enroll in a life insurance policy, they will consider all aspects of your health for enrollment,

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Can I Get Final Expense if I’m a Stroke Victim?

Yes, you can get final expense insurance if you are a stroke victim. Final expense is available to almost anyone regardless of age and even in poor or chronic health. Stroke victims and their loved ones have a lot on their plate—making decisions and plans is far more stressful than before. And, strokes are often

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What is a Simplified Issue Final Expense Policy?

Simplified issue final expense takes a different look at traditional eligibility requirements for life insurance, making it easier for those older and with minor health issues to enroll. Final Expense as a Whole Generally speaking, what is final expense insurance? These policies provide a payout, known as a death benefit, to chosen beneficiaries upon the

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