PSM is dedicated to supporting agents with all their senior insurance marketing needs. Premiums are competitive compared to other types of insurance products, so final expense insurance is definitely a product you want to have in your portfolio to grow your business.Ĭontact us today to learn more. Additional rider protections are available for added security.įor the agent, products normally offer excellent MGA commissions, electronic or phone applications, and simple underwriting. Also, premiums are guaranteed so the investment is low risk and predictable for clients. You might be wondering, why is it life insurance A funeral only happens when a life ends. The people who buy these policies do so to ensure their end-of-life expenses won’t become a burden to their loved ones. To be more specific, final expense insurance is a small whole life insurance policy. Additionally, clients who have previously been declined for coverage with one carrier may be considered again with another.įinal expense insurance products normally don't require formal medical examinations, so most clients qualify with little to no problems. Final expense insurance is life insurance.
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Many funeral expenses run over $10,000 and can create a significant burden on loved ones.įinal expense insurance is targeted to clients who desire coverage for final expenses and who don’t want to go through the hassles of full underwriting. is not affiliated with The Savings Bank Mutual Life Insurance Company of Massachusetts or The Savings Bank Life Insurance Company of Connecticut.Final expense insurance is a product designed to help cover final expenses such as the costs associated with funeral and burial expenses, probate fees or other financial obligations that your client’s family may face in the event of death. All guarantees are subject to the financial strength and claims-paying ability of the issuing company. Within the state of New York, only SBLI USA Life Insurance Company, Inc. Not available in all states features may vary by state. (Newark, NJ) (New Vista℠, Policy Form #’s ICC16FELPUECS16, ICC16FEGPUECS16, ICC16FEMPUECS16 and state specific versions), members of Prosperity Life Group. (New York, NY) (Golden Promise®, Policy Form #'s FELPSENY19, FEGPSENY19 and FEMPSENY19) and in other states by S.USA Life Insurance Company, Inc. Product issued in New York by SBLI USA Life Insurance Company, Inc. Final expense insurance, also known as burial insurance, provides your loved ones with peace of mind after your death. Consult an agent or review the policy for full details. Policies have limitations and exclusions, and terms and conditions for keeping them in force.
For the Graded or Modified Plans, there is a reduced death benefit for the first two policy years for non-accidental death. Other product options may be available if ineligible for simplified issue products. Acceptance is based on answers to health questions and other information you provide or give us permission to obtain. *Loans against the policy will reduce the cash value and death benefit by the sum owed and may cause the policy to lapse.