A modified final expense policy is available for those in poor health

What Is a Modified Final Expense Policy?

If you’re looking to buy a final expense policy, you may be wondering what the differences are in plans and other available options. Being able to make an informed choice when selecting a policy begins by doing the research required to understand the offerings and benefits that each option provides. Let’s go over what a modified final expense policy includes and whether or not it’s the right choice for you.

Modified Final Expense

Similar to graded policies, a modified final expense policy can be awarded to those who are not in perfect health. Some who have more severe health concerns, such as cancer, may still be eligible for a modified final expense policy. If this is you, consider enrolling in a modified final expense plan that will give you a death benefit after two years.

If the death occurs before two years have passed, a modified final expense policy will pay a small portion of the death benefit and reimburse the premiums that were previously paid.  

Considering a Modified Final Expense Policy?

If you have significant health problems and are shopping for a final expense policy, the modified option might be right for you. Its premium return function can be useful and is an excellent way to ensure that money will be returned in the event of death. Purchasing a modified final expense policy is one of the best ways to plan for the future if you’re unsure about your health or your family’s financial security in the event of your passing.

Those in poor health may assume that a final expense policy is not an option for them, but that isn’t true. Through a modified final expense policy, individuals can receive a death benefit and make provisions for those close to them.

Selecting the Right Insurance Provider

Timeframes and death benefit allowances will vary depending on the insurance provider. While two years is a typical time for allowance of the full death benefit, that time period can greatly vary. When selecting an insurance policy, be sure that you fully understand what it includes and how you can use it. Speaking with an insurance provider you trust is one of the best ways to research the options you have available and how they could benefit you.

Get Started Today

If you’re ready to enroll in a final expense policy, make an appointment with us today. We can walk you through the selection process and help find a policy that fits your family’s needs. We look forward to hearing from you and partnering for your insurance needs!


Final Expense Direct’s utmost concern is the safety of our clients, their families, and our employees and agents. Our hearts, thoughts, and prayers go out to all that the Coronavirus outbreak has touched and those whose lives have been disrupted. While 98% of our workforce is working remotely, we are here if you need assistance. If you are a client, please contact Customer Support at 800-538-3610, Ext 2, with any questions in regards to your policy. You may also contact us via email at customerservice@finalexpensedirect.com. We will continue to monitor this situation and keep you updated.