Life Insurance Options

Get the Coverage You Deserve From A-Rated Carriers

At The Final Expense Source, we partner with A-Rated carriers.  Remember when you were in school and earning an “A” was considered good?  Insurance works in a similar way. We partner with fiscally conservative companies that handle policyholder funds responsibly, ensuring prompt payment when a claim is submitted.  Here are the details about each plan and their coverage:

Final Expense Insurance (Burial Policy)

A Burial Insurance Plan, which covers final expenses, serves as a whole life insurance policy with an added death benefit ranging from $2,000 to $50,000.  Most burial insurance plans are whole life plans which allow for level premiums and a death benefit that cannot be canceled by the carrier as long as premiums are maintained. If you want to provide money for your funeral, burial costs, or payoff additional debt, this is the best plan for you.

Term Insurance and Mortgage Protection

Maybe you had a life experience recently such as a marriage or mortgage. Term Insurance is often an inexpensive solution. Perhaps you wish to create a legacy, send kids to college, or donate to a charity?  Term insurance is an excellent option when the insured is young and healthy.  Although term insurance expires, it often is less expensive for larger amounts than its whole life counterpart. Many polices have the ability to convert to whole life year down the road without having to prove insurability. This gives the insured protection in their early years with the ability to continue the coverage as long as they live.

Whole Life Insurance

A whole life insurance policy will allow you to participate in the insurance companys’ general account. When the general account grows, the cash value in the policy may grow also. Whole life insurance offers tax-favorable advantages while still providing a death benefit that is generally tax free.  Both of these features along with guaranteeing a lifetime coverage to the policyholder, make whole life insurance a common estate planning tool.  Some policies offer potential for dividend payments.  While dividends are not guaranteed, they are very common and policyholders can choose to receive them in cash, use them to reduce premiums, or reinvest to grow the cash value.

Talk to an Insurance Agent

Get in touch with our team at The Final Expense Source to get more information about the insurance plans being offered and their benefits and coverages. We are happy to discuss and find the best plan suitable for your needs. Get a Quote