Final expense life insurance is designed for individuals needing simplified or guaranteed issue coverage because of health or other underwriting impairments which prevent them from obtaining standard life insurance. In the case of guaranteed coverage, the full death benefit may not be available until the third year of coverage at amounts as low as $2,000 or up to $100,000 or higher. Issue ages range from 0 to 80, or even age 85 with some benefit limits. People are living longer, and may have outlived their term life insurance plans issued when they were younger with a mortgage and family to support. Many individuals continue to work past their planned retirement age and need to replace their employer provided group life insurance. Adult children may want to help pay for a final needs plan to cover a parent's end of life expenses. With Home Office approval, a final expense plan may be issued to fund a favorite charity or project as a memorial gift.

 Call Bob Coleman at 877-487-8376 for rates and more information. 

Final expense life insurance, sometimes called a burial policy, is a plan designed for those between the ages 0-80 to serve as a clean-up fund and issued in amounts of $2,000 to $35,000, for example. Traditionally, the policies were issued by religious and fraternal organizations for the benefit of their members and families. A final expense plan is now available as part of my agency’s senior services products; Medigap, Medicare Advantage supplement, Part D, prescription drug discount card, annuities and long term care insurance. Foresters (Independent Order of Foresters) offers final expense life plans in the following underwriting categories: 1. Level-full face amount as applied for, 2. Graded Benefit-an increasing percentage of the policy amount paid if death occurs in the first 2 years and full amount in the third year and thereafter, and 3. Modified-no death proceeds paid in the first 2 policy years and full face amount in the third year and after. Forester’s final expense plans are approved or declined at the time of application with the agent in person via a phone call to the company’s underwriting department. Forester’s has been in business for more than 100 years. The policy premium is guaranteed level for the life of the policy, will develop cash values at interest, and is a form of permanent life insurance-not term or accident only TV or mail-order group temporary coverage.