Final Expense Insurance
Common Questions and Answers about Final Expense Insurance

What is the application process like for a Final Expense policy?
A: Usually, there is a simple application that needs to be completed and a follow-up phone interview. Coverage may be guaranteed regardless of the health issues. The application helps determine which plan is appropriate.

Do the premiums ever change on a Final Expense policy?
A: No. The premiums are level. They will stay the same until the policy is paid up. Additionally, the death benefit never decreases over the life of the policy.

Are there any restrictions on how the death benefit can be used?
A: No. Beneficiaries can use the death benefit to pay for funeral costs, credit card debts, car payments, etc. This provides your loved ones with security and flexibility.

Can the policy be cancelled?
A: No. The insurance company cannot cancel the policy except in the case of fraud or failure to pay premium.

Is the Final Expense policy a term or cash value policy?
A: The insurance policy is a cash value policy. The cash value builds within the policy which may give you financial flexibility in future years.