A small whole life policy that pays cash to the person you name, usually within days of the claim. Nobody has to pass a hat or open a credit card.
Andrea will go through it with you and come back with the real number. If you would rather not wait, call (323) 393-5839.
Sample rate for a simplified issue whole life policy, non-tobacco. What you pay turns on your age at application, your health history and your state. A carrier sets your real rate when it approves your application.
The average service costs more than most people guess, and it comes due within a week of the death.
Final expense insurance is a small whole life policy, usually between $5,000 and $25,000, bought to cover a funeral, burial or cremation. It never expires while you pay the premium, and the premium never goes up. The money is paid in cash to the person you name, not to the funeral home.
The National Funeral Directors Association put the 2023 median cost of a funeral with viewing and burial at about $8,300, or roughly $9,995 once a burial vault is added. Cremation with a service ran about $6,280.
Most final expense plans are simplified issue. You answer a short list of health questions on the application and there is no exam, no blood draw and no trip to a lab.
This is whole life, not term. The company cannot raise your premium because you got older or got sick, and it cannot cancel the policy as long as the premium is paid.
A named beneficiary is paid directly by the insurer once the claim and death certificate are in, which is normally a matter of days. Money tied up in an estate can take months.
Your health history decides which one you fall into. Andrea tells you which before you apply, not after.
Full coverage from day one. This is what most people in reasonable health qualify for, and it carries the lowest premium of the three.
For people with a more complicated health history. The policy pays a partial amount if death happens in the first two or three years, then the full amount after that.
No health questions at all, so nobody is declined. In exchange there is a two-year waiting period, and a non-accidental death inside that window returns your premiums plus interest instead of the face amount.
Nothing gets submitted until you say so, and the help costs you nothing either way.
A full service, a cremation, or a service plus the bills that follow it. That number becomes the face amount.
Andrea reads them with you and tells you which underwriting class you are likely to land in before anything is submitted.
You review the policy, name your beneficiary, and the premium is set for as long as you keep it.
The same person handles all four, so you are never starting over with a stranger.
Advantage, Supplement and Part D plans compared against your own doctors and your own prescription list.
See Medicare helpLarger coverage for the years a mortgage or a paycheck still has to be replaced, in term or permanent.
See life insuranceTurning part of your savings into income that keeps arriving, with the surrender rules explained up front.
See annuitiesFamily Solutions Center is Andrea Cannon. She walks you through the options and she files the application. Two years later, when a claim comes up or your plan changes underneath you, she is still the one on the line.
She covers Medicare, final expense, life insurance and annuities. Ask about a drug plan in the fall and about life insurance in the spring, and you explain your situation once.
Most policies land between $10,000 and $20,000. Andrea starts with what you actually want covered, a full service or a cremation, plus anything you want left over for the family. The premium follows from that math.
Almost never. Most final expense plans are simplified issue, which means a short list of health questions on the application and a prescription history check. There is no exam, no blood work and no lab visit.
You can be declined for a level benefit plan, but there are guaranteed issue plans with no health questions where nobody is turned down. Those carry a two-year waiting period, so Andrea only recommends one when the health history rules the other options out.
No. Final expense is whole life, so the premium is fixed at issue and the coverage does not expire on a birthday. The one thing that ends it is not paying the premium.
It goes to whoever you name as beneficiary, in cash, with no restrictions on how it is spent. They can pay the funeral home, settle a medical bill, or keep what is left over. You can assign the benefit to a funeral home if you prefer, but that is your choice.
No. A prepaid funeral contract locks you into one specific funeral home and one specific set of goods. A final expense policy pays cash to a person, so it travels with your family if they move or change their mind.
Tell Andrea your age and what you want covered. She comes back with real numbers and no pressure to take them.
Andrea has your request and will reach out at the time you picked. If you would rather not wait, call (323) 393-5839.
