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
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 26 Apr 2024 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
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 26 Apr 2024 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 minor to serious health concerns to enroll.Getting Life Insurance as an
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 26 Apr 2024 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
Simplified issue final expense or burial insurance 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
No, a death benefit is not taxable. You will, however, still want to report it, but not with your gross income.What is a Death Benefit?A death benefit is the purpose of your life insurance policy—when you, the policyholder, pass away, a predetermined amount of money, known as the death benefit, is passed on to your
You can technically have final expense with another insurance policy depending on when you purchase each plan, your health, budget, and overall eligibility for coverage. Final Expense Eligibility To understand why final expense with another insurance policy may be limited, it’s important to consider the eligibility factor. Final expense is significantly easier to qualify for
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 26 Apr 2024 Heart disease is the #1 cause of death in America. According to the CDC, someone dies every 36 seconds from cardiovascular disease. The most common type of heart disease is coronary artery disease, followed by heart
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 26 Apr 2024 Yes, you can get a final expense policy with dementia or Alzheimer’s. Guaranteed issue policies accept older individuals with preexisting and chronic conditions.Why It’s Difficult to Get Life Insurance Coverage with Dementia or Alzheimer’sDementia and Alzheimer’s
To make sure your death benefit is used the way you want, you can make funeral arrangements now, choose more than one trustworthy beneficiary, and let those beneficiaries know ahead of time.What is the Death Benefit and How Does it Work?A death benefit is a sum of money paid when the owner of a life
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