Tax-Free Death Benefit
When you pass away, the insurance company pays the death benefit directly to your chosen beneficiary (or beneficiaries). Payments are typically made within 48 hours of claim approval, giving your loved ones immediate access to funds. The payout can be used for any purpose—whether covering funeral expenses, medical bills, outstanding debts, or fulfilling personal wishes.
Permanent Coverage
Unlike term insurance, Final Expense policies never expire. As long as premiums are paid, your coverage remains active and will not decrease over time.
Fixed Premiums
Your premium rate is locked in at the time you purchase the policy. This means no surprises or increases as you age or as your health changes. Premiums can be paid monthly, quarterly, or annually, depending on your preference.
Cash Value Accumulation
A portion of your premium builds a cash value account over time, which earns interest. This cash value can be accessed in emergencies or used to help pay premiums if you face financial difficulties.