Q: What is the application process like for a Final Expense Life Insurance Policy?

A: There is a simple application that needs to be completed and a follow-up phone interview. Coverage may be guaranteed regardless of health issues. The application helps determine which plan is appropriate.

 

Q: Do the premiums ever change on a Final Expense Insurance Policy?

A: No. The premiums are level. They will stay the same until the policy is paid up. Additionally, the death beneift will never decrease over the life of the policy.

 

Q: Are there any restrictions on how the death benefit can be used?

A: No. Beneficiaries can use the death benefit to pay for funeral costs, credit card debts, car payments, etc. This provides your loved ones with security and flexibility.

 

Q: Can the policy be cancelled?

A: No. The insurance company can not cancel the policy except in case of fraud or failure to pay premiums.

 

Q: Is Final Expense Life Insurance a Term or Cash Value Policy?

A: A final expense life insurance policy is a cash value policy or whole life policy. The cash value builds within the policy which may give you financial flexibility in the future.