More Affordable Coverage Options
Final Expense policies offer smaller coverage amounts, typically ranging from $1,000 to $50,000. Traditional whole life policies often start at higher coverage levels, such as $25,000 or more, making Final Expense a budget-friendly alternative. With lower coverage amounts, Final Expense premiums are often more affordable, ideal for those who only need coverage for specific end-of-life expenses.
Simplified Qualification Process
Final Expense insurance is designed to be accessible:
- No Medical Exam Required: Most policies only require a simple health questionnaire, unlike traditional whole life policies, which often demand a medical exam.
- Lenient Underwriting: Approval rates for Final Expense policies are generally higher, even for individuals with pre-existing conditions or health challenges.
- This means you are more likely to qualify and secure an affordable rate, even if traditional whole life insurance has been out of reach.