Final Expense Life Insurance
Final expense life insurance is permanent life insurance designed to cover your final expenses. The premiums and death benefit are guaranteed to remain level for your whole life. Final Expense life insurance is life insurance that will be there you’re entire life and will not expire like term life insurance. By answering a few health questions you can get $5,000 to $50,000 issued in a couple of days. If you’re looking for a policy that will cover burial expenses with a bit extra, final expense life insurance is your ideal choice.
Final Expense life insurance in detail
Why final expense life insurance?
Do I have to meet certain conditions to get approved for final expense life insurance?
No, we simply complete an application online consisting of a few heath questions and do a three way call with the underwriter for an immediate approval. There’s no exam or anything else to do. While we’re on the phone the underwriter will look at your medical conditions with the online Medical Insurance Bureau and your prescriptions with Scrip-check, to give us a decision right over the phone.
Final expense insurance is typically a low cost, low payout solution. For this reason, it’s easier to get approved compared to other types of life insurance. Considering the lower payout, people that tend to opt for final expense are in the older age group that aren’t looking for a ton of coverage. If you’re looking for a payout amount that will cover burial expenses with a bit extra, final expense is your ideal choice.
Will health conditions prevent me from getting a final expense life insurance Policy?
The better your health the lower the premium will be just like with any life insurance policy, but with several companies to choose from we’ll find you the best rate there is for your individual situation. Because the final expense policies are simplified issue, they are much easier to qualify for. So people that have had heart attacks, heart surgeries, cancer, and other major health problems can usually be insured with first day coverage if it’s been over 2 or 3 years since they had they were treated. If you currently have a major health problem we can issue a guaranteed issue policy for you.
When will my final expense life insurance policy become active if I’m approved?
As soon as you’re approved and the first premium is paid. A final expense life insurance policy has no waiting period which means your policy covers you day one. Guaranteed Issue policies offered by AARP, Colonial Penn, Met Life, and others have a 2 year waiting period. Whole Life insurance policies do not have a waiting period. Call 1-800-657-7178 to get covered today!
Final Expense Insurance Vs. Whole Life Insurance
What is the difference between Final Expense and Whole Life Insurance? Nothing, they are the same, when you need life insurance coverage to take care of your final expenses for your whole life, whole life insurance will be there.
Why are there so many companies to choose from?
The primary reason is to offer you the lowest quote possible, but also because of the underwriting guidelines for health conditions. Some companies have no weight chart so a person can be insured no matter how little or much they weigh. Some companies write diabetics with insullin and others won’t. Some companies write people that have had cancer after 2 years and others won’t for 5 years. We only write life insurance and know which companies will write a policy for you and which one’s won’t. If you have no major health conditions you can choose the company offering the lowest quote, but if you do have present or past health conditions we can fit you with the company that will write you for the lowest rate. For questions or a personal quote call 1-800-657-7178.
Height
| Height Ft.In. | Maximum Weight |
|---|---|
| 4-10 | 198 |
| 4-11 | 205 |
| 5-0 | 213 |
| 5-1 | 219 |
| 5-2 | 228 |
| 5-3 | 236 |
| 5-4 | 242 |
| 5-5 | 249 |
| 5-6 | 257 |
| 5-7 | 264 |
| 5-8 | 272 |
| 5-9 | 280 |
| 5-10 | 287 |
| 5-11 | 295 |
| 6-0 | 304 |
| 6-1 | 312 |
| 6-2 | 320 |
| 6-3 | 328 |
| 6-4 | 336 |
| 6-5 | 342 |
| 6-6 | 352 |
| 6-7 | 359 |
| 6-8 | 367 |
| 6-9 | 374 |
Answer These Questions:
Have you ever tested positive for exposure to HIV or been diagnosed as having or been treated for AIDS, ARC or any other immune deficiency disorder?
Does the proposed Insured need any assistance performing any regular activities of daily living such as eating, bathing, dressing, walking, toileting or taking medications? “Under certain conditions answering YES could result a policy being issued.
During the past 24 months, has the proposed insured been diagnosed as having or been treated or taken medication for ..
A) Alzheimer’s disease,dementia,epilepsy,paralysis or any disease or disorder of the nervous system; melanoma, leukemia, or other cancer, liver disease including cirrhosis, chronic obstructive pulmonary disease (COPD), connective tissue disease, lupus, kidney failure, kidney dialysis, renal insufficiency, or any disorder of the blood? If so the policy with this company can’t be issued.
B) Heart attack, stroke, congestive heart failure, irregular heart rhythm, pacemaker implant or any procedure to improve circulation to the heart or brain?
An individual who had a heart attack more than 24 months ago and is fully recovered may answer “no” to this question if they are not taking any medication pertaining to the heart attack history.
C) Alcohol or drug abuse?
D) Diabetes requiring insulin, diabetic complications, diabetic coma or insulin shock?
Diabetes requiring insulin is not an acceptable condition. Diabetics treated with diet or oral medication are acceptable in most cases.
Has the proposed insured had any type of amputation caused by disease or any type of organ transplant?
During the past 12 months has the proposed insured used oxygen equipment to assist in the breathing or rejected advice to have any type of medical tests, surgery, or admission to a hospital or nursing facility except those tests related to the Human Immunodeficiency Virus (AIDS)?
During the past 6 months has the proposed insured been declined for life or health insurance, been a patient in the hospital for two or more days, or been admitted to a nursing facility, extended care or assisted living facility?
If you’re taking a medication from this list you can’t get a No Exam Policy issued with Lafayette Life
Life Insurance policies with Living Benefits
Does your life insurance policy include living benefits? Benefits you don’t have to die to use. The best policies do. Call 830 220 0305 to find out why.