Is a Death Benefit Taxable?

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

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Can I Have Final Expense with Another Insurance Policy?

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

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Can I Get a Final Expense Policy with Heart Disease?

Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified!  See guidelinesVerified!  See our editorial guidelines Last Updated 23 Oct 2021 Trying to get life insurance for a senior with a pre-existing health condition may sound impossible.  But, believe it or not, it is NOT!  Yes, you can get a final expense policy with heart disease. With a guaranteed

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Can I Get a Final Expense Policy with Dementia or Alzheimer’s?

Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified!  See guidelinesVerified!  See our editorial guidelines Last Updated 23 Oct 2021 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

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How Cost-Effective Is Final Expense Insurance?

Final expense insurance is one of the most popular insurance choices among seniors contemplating what they will leave behind for their loved ones once they pass. Its pricing makes it a bargain, especially for those who have issues qualifying for other life insurance policies. This will look into the ways that final expense is one

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Top 3 Final Expense Terms You Should Know

With any insurance policy, you’ll see terms that pop up frequently. The terms are used as if they need no explanation, but you ought to know what they mean, as these final expense terms are integral to the policy. Once you become familiar, you’ll know exactly what to look for and how it can help

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3 Steps You Can Take In Funeral Planning

Funeral planning is difficult. There are seemingly endless options in what you want your funeral service to be and deciding between burial and cremation. You also have to think about your death throughout this process, which is unpleasant in itself. You’re also having to consider what you want and what your loved ones can afford.

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Are There Final Expense Plans For Families?

While there are no final expense policies available for families, people most often take out final expense plans for themselves so that their loved ones will have an easier time paying for their funeral expenses. It’s also possible to get a final expense policy for a family member with their permission if they currently have

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What Questions Will Be Asked On A Final Expense Application?

Since final expense insurance has no medical exam, applying for it only requires answering questions. These questions will help the insurance company assess the risk it is taking by insuring you. This is a quick, easy, and painless process that will get you on your way to a final expense insurance policy you can call

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