You must keep the following points in mind as you view these rates.
We make no guarantee that you will be approved for these prices. They are all subject to underwriting approval.
Montana residents all pay the same price regardless of gender. In MT, prices are all calculated at the male rate.
Nicotine or tobacco usage other than cigarettes may be able to qualify for non tobacco rates.
Face amount options are not limited to what you see here. You can actually get any amount of coverage you’d like.
All prices for final expense plans are fixed for life and cannot increase.
GENDER & RATING
$5,000
$10,000
$15,000
$20,000
Female No Waiting Period
$14.54
$25.88
$37.22
$48.56
Female Tobacco & No Waiting Period
$18.20
$33.75
$49.17
$64.49
Female Guaranteed Acceptance
$15.86
$30.80
$45.74
$60.68
Male No Waiting Period
$17.16
$31.12
$45.08
$59.04
Male Tobacco No Waiting Period
$21.85
$40.50
$59.15
$77.80
Male Guaranteed Acceptance
$20.90
$40.88
$60.87
$80.85
Final Expense Policies: This Is How They Work
For starters, final expense plans are whole life insurance policies. Because it’s life insurance, the end result would simply be a tax free cash payment to your beneficiary.
Understanding how these policies work is incredibly simple.
All whole life burial insurance plans work as follows:
Payments locked in for life (can’t increase).
Coverage guaranteed to never decrease.
Protection that lasts forever no matter how old you become.
That’s all there is to these policies. We told you they were simple 😎.
They want seniors with health issues to be able to qualify in spite of some health conditions.
Now this is crazy…
Some plans actually have no underwriting at all where your acceptance is guaranteed.
Granted, these no health question plans do cost more and have a waiting period, but they are a great option for folks who have certain very high risk health issues such as dialysis or dementia.
Guaranteed issue plans are not appropriate for everyone, but for some they are their only option.
Regarding the payout of the benefits, if there happens to be money leftover after your funeral bills are paid, it will remain with your family.
The extra money will not go to the funeral home.
3 Of The Top Final Expense Companies
There are dozens of final expense companies to choose from. Which one is best for you depends on your unique situation.
All around they accept many serious health issues and even offer plan with partial coverage to people with congestive heart failure.
About Anthony Martin
I’m a final expense & children's life insurance expert, official member of the Forbes Finance Council, and the Founder & CEO of Choice Mutual. I have been helping clients with final expense and child life insurance since 2010 and try hard to share with you the knowledge I’ve garnered after helping thousands of clients. Choice Mutual is an independent insurance agency licensed in all 50 U.S. states including D.C. We represent over 15 different insurance carriers on your behalf so we can find which one will approve you for the best policy. I started this company so people like you could finally get honest answers & advice from friendly agents who know this business inside and out.
1 Comment
Cheryl Perry
Require a burial policy that has no waiting period and will not increase with age.
1 Comment
Cheryl Perry
Require a burial policy that has no waiting period and will not increase with age.