Benefits of Final Expense Insurance
There are many benefits of choosing to purchase a final expense insurance policy. Some of the top reasons people buy these policies are listed below:
- In general, final expense insurance does not require a medical exam. Unless you have a serious pre-existing medical condition, your application will most likely be approved.
- Premiums remain level and may be payable beyond age 100.
- The death benefit is guaranteed as long as premiums are paid as required.
- Monthly or annual premium payment flexibility.
- Quick underwriting approval, sometimes the same day.
- High issue ages, which means even if you are older, you can still buy a policy.