Question 1

What is simplified issue term life insurance?

Accepted Answer

Simplified issue term life insurance is a type of term life policy that streamlines the application process with minimal health questions and no medical exam required. Carriers like Ethos use this approach to provide faster approvals, often within days. Coverage is available for 10, 20, or 30 years.

Question 2

What is fast issue term life insurance?

Accepted Answer

Fast issue term life insurance uses advanced underwriting technology to provide quick approval decisions—often within 24-48 hours. These policies typically don't require medical exams for qualified applicants, making them ideal for people who need coverage quickly.

Question 3

What is final expense insurance?

Accepted Answer

Final expense insurance is a type of whole life insurance designed to cover end-of-life costs such as funeral expenses, burial costs, outstanding medical bills, and other debts. Coverage amounts typically range from $5,000 to $35,000.

Question 4

What is the difference between final expense and burial insurance?

Accepted Answer

The terms are often used interchangeably. Both refer to small whole life insurance policies designed to cover funeral and burial costs. Some people use 'burial insurance' specifically for policies intended to cover funeral expenses only.

Question 5

How much does term life insurance cost?

Accepted Answer

Term life insurance costs vary by age, health, coverage amount, and term length. Simplified issue and fast issue term policies can start as low as $20-50 per month for younger, healthy applicants. We work with carriers like Ethos to find you competitive rates.

Question 6

How much does final expense insurance cost?

Accepted Answer

Premiums vary based on age, health, coverage amount, and policy type. Most people pay between $30-$100 per month. We can provide a personalized quote based on your specific situation.

Question 7

Do I need a medical exam to get coverage?

Accepted Answer

Many of our policies don't require a medical exam. Simplified issue term life and fast issue term ask minimal health questions but no exam. Final expense and guaranteed issue policies also offer no-exam options for qualified applicants.

Question 8

What ages can apply for final expense insurance?

Accepted Answer

Most carriers offer coverage to applicants ages 50-85. Some products are available to younger or older applicants depending on the carrier.

Question 9

Can I get coverage if I have health problems?

Accepted Answer

Yes. Many carriers offer coverage to people with health conditions like diabetes, heart disease, or cancer history. Guaranteed issue policies accept all applicants regardless of health status.

Question 10

How do I apply?

Accepted Answer

You can apply by calling our toll-free number or submitting our online quote form. A licensed agent will review your options and help you complete the application—typically in 15-30 minutes.

Question 11

How quickly can I get coverage?

Accepted Answer

Many applications receive same-day approval. Coverage can begin immediately upon approval, though some policies have a graded benefit waiting period.

Question 12

What is a graded benefit policy?

Accepted Answer

Graded benefit policies have a waiting period (usually 2 years) during which the full death benefit isn't paid if death occurs from natural causes. They're often used for guaranteed issue policies.

Question 13

Can I cancel my policy?

Accepted Answer

Yes, most policies have a free-look period (typically 10-30 days) during which you can cancel for a full refund. After that, you can cancel anytime, though you may not receive a refund of premiums paid.

Question 14

Will my premiums increase?

Accepted Answer

No. Final expense insurance is whole life insurance with level premiums that never increase. Your rate is locked in when you apply.

Question 15

Who receives the death benefit?

Accepted Answer

The beneficiary you name on your policy receives the death benefit. This can be a family member, friend, or anyone you choose. You can change your beneficiary at any time.

Question 16

Is the death benefit taxable?

Accepted Answer

In most cases, life insurance death benefits are not subject to federal income tax. However, consult a tax professional for advice on your specific situation.

Question 17

What states do you serve?

Accepted Answer

We serve families in multiple states across the country. Contact us to confirm coverage availability in your state.

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