Final Expense Life Insurance Options in Harford County Maryland Bel Air — Final Expense options available regardless of health

Mountain View Insurance – Final Expense Life Insurance

Final Expense Life insurance is designed to provide a $10,000-$50,000 benefit to your beneficiary to cover burial costs and small debts upon death. There are programs in place that allow you coverage regardless of health which are called guaranteed issue final expense life insurance policies. Take the time and read below to learn about your options.

Final Expense Life Insurance – How long will the policy last?

Final Expense policies usually last for the duration of your life so long as the policy is funded properly. Some policies require monthly payments and those payments can increase annually. Final Expense policies are technically whole life insurance policies with smaller death benefits and some other changes to provide more lenient underwriting.

Final Expense Life Insurance – The Death Benefit Amount

The death benefit amount varies depending on the policy purchased. Usually final expense policies have a smaller death benefit because they are reserved for burial costs, funeral plans, and to pay off small debts. We usually see plans range from $10,000 – $50,000 death benefit options.

Final Expense Life Insurance – Guaranteed Issue Policies

There are some final expense policies that allow for a guaranteed issue. That means, regardless of the insureds health, they can purchase the policy. Usually these policies have a 2 year elimination period which means if the insured passes away within the first 2 years then the death benefit will not pay out. In that case the insurance company will usually return your premiums paid into the policy plus a specified amount of interest.

If you would like to speak with our professionals call Jesse Cunningham IV directly at (443) 629-4600 or fill out the form below.