Description: Affordable Final Expense Life Insurance and Burial Plans with no medical exam. Diabetes, heart attack, stroke and cancer accepted with no 2 year wait.
There are three types of final expense life insurance policies and understanding what each offers will insure that you have the best policy for your needs at the right monthly premium. Don’t automatically seek or accept a policy that “guarantees your acceptance” or has “no health questions to answer”. While this may seem attractive and convenient, you may pay a much higher cost for these policies and the death benefit will be limited to a return of premium plus interest if death occurs in the first 2 policy
The word level is used to indicate that the policy payout is the same for all years. These plans will pay 100% of your death benefit without a 2 year waiting period. Level also indicates that the premium is the same for all years. This is our most popular plan and most people will qualify for this coverage. These plans will accept clients with a history of heart attack, stroke, cancer, insulin dependent diabetes, COPD and many other issues. Level plans are very affordable and are available without an exam.
Designed for clients that have experienced more severe recent health events such as heart attack, stroke, circulatory surgery or cancer in the past 2 years. During the first two policy years the death benefit will be less than the full policy face amount. As an example, a graded policy may pay 40% of the death benefit in year 1 and 75% in year 2. At the beginning of policy year three the full death benefit, 100% is payable to your beneficiary.