Final Expense in The Grand Canyon State

What Is Final Expense Insurance?

Final expense insurance, unlike traditional life insurance, operates with different rules. It’s a type of permanent life insurance that’s often more accommodating, especially for individuals with substantial health issues. Unlike traditional policies, final expense insurance doesn’t demand a medical exam. Applicants only need to answer a set of basic health questions.

Because final expense insurance is much easier to qualify for, it offers less in terms of benefits. However, don’t let this discourage you from getting a plan. It still provides important life insurance coverage that can be crucial for your loved ones after your passing.

Final Expense Benefits in Arizona

The benefits of final expense insurance vary depending on your location. Generally, policies provide coverage ranging from $5,000 to $50,000. Each plan tailors its coverage based on individual needs and where you obtain it.

Final Expense Costs

When you’re applying for final expense insurance, you’ll have to answer some questions that determine your premiums, which is what you pay for the coverage. The amount you pay depends on several things like your age, gender, and where you live. Your health history, as you share it in the application, also plays a part in setting your premiums. It’s like tailoring the insurance to fit your personal situation.