Life & Final Expense Insurance
Life & Final Expense
Life insurance might seem like something for younger families, but it’s a comforting blanket of security for seniors too. It’s about more than just money; it’s about peace of mind. Imagine your loved ones, their lives undisturbed by financial worries after you’re gone. Life insurance is a legacy of love, a way to ensure they can focus on cherishing memories instead of grappling with bills. It’s acknowledging that while you’ve built a beautiful life, there’s a final chapter, and it’s about ensuring those you leave behind can write theirs without the weight of financial burdens. It’s a gift of freedom, allowing them to honor your memory without the shadow of worry. Life insurance isn’t just a policy; it’s a promise of care for those you hold dear.
Life Insurance Options
Final Expense Insurance
Simplified Issue Whole Life insurance designed for those 65 and older, with smaller face amounts (typically $5,000 to $25,000). This type doesn’t require a medical exam and is often issued quickly. True guarantee issue plans are also available.
Indexed Universal Life Insurance
Similar to traditional universal life insurance, with cash growth based on the performance of a market index (like the S&P 500) instead of a fixed interest rate.
Single Premium Final Expense
A simplified permanent life insurance available up to age 85, allowing clients with a lump sum as low as $5,000 to fund a policy for burial expenses or wealth transfer, tax-free.
Term Life Insurance
Covers you for a set term, typically 10 to 30 years, without cash value. Often chosen for affordable coverage needed over a specific period.
Universal Life Insurance
Flexible premium life insurance that can be tailored to meet your goals and budget. It may include cash value and can be structured from one year to a lifetime.
Whole Life Insurance
A simplified issue permanent life insurance available up to age 85. Suitable for those 60 and older, this policy doesn’t require a medical exam and allows for wealth transfer, tax-free, with a single payment option starting at $5,000.
Life Insurance with Long-Term Care and Chronic/Critical Illness Waivers
Life insurance isn’t only for after you’re gone—it can also provide invaluable support during life’s most challenging times. Policies with long-term care, chronic, or critical illness waivers are designed to offer “living benefits.” These benefits allow you to access a portion of your policy’s value if you face a significant health event, such as a chronic or critical illness.
With these waivers, your policy becomes a financial safety net during times of serious illness, helping cover expenses such as medical bills, in-home care, and long-term care facilities. This option not only brings financial flexibility and stability when you need it most, but it also ensures that your family can focus on supporting you, without the added burden of unexpected expenses.
Contact us
We’re here to help you navigate your insurance options and answer any questions you may have. Whether you’re approaching 65, have questions about open enrollment, or want to explore individual insurance coverages, we’re just a call or email away.
Phone: (860) 470-4445