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Final Expense Whole Life Insurance Products
are small face amount, ordinary whole-life insurance products purchased
to defray the cost of final expenses, exclusive of any funeral and/or
cemetery prearrangement benefits, paid directly to the beneficiary
or estate of the insured.
Whole Life Level Death Benefit Insurance Policy
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Issue
ages 0 - 85 |
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Minimum coverage
$1,000 |
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Maximum coverage
$15,000* |
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Eligibility
based on answers to health questions |
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Graded Death Benefit Insurance Policy
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A two-year Graded Death Benefit Insurance
Policy for clients who are unable to qualify for the level
death insurance policy. |
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Minimum coverage $1,000 |
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Maximum coverage $5,000* |
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This policy pays 30 percent of the
initial death benefit if death occurs in the first year,
70 percent of the initial death benefit if death occurs
in the second year, and full death benefit thereafter. |
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* Maximums may be less based on state regulations.
Eligibility for the Graded Death Benefit Insurance Policy is based
on answers to health questions.
All products are not available in all states.
Not available in: AL, DC, CT, ME, MD, MA, MT, NH, NC, NY, PA, RI,
VT & WA
Policy Forms: C296, C298
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