Final Expense in the Michigan

Similar to regular life insurance, they provide your family with funds upon your passing. They have the flexibility to use the money as needed, but typically, it’s used to handle expenses related to your passing.

About the State-Regulated Final Expense Program

A final expense insurance policy works much like a regular whole life insurance policy. You apply for coverage, pay premiums to keep a death benefit in place. If you pass away while the policy is active, your beneficiaries receive the death benefit right away. This money can cover your end-of-life costs, easing the financial burden on your loved ones.

Skip the Invasive Medical Exam

Many people opt for final expense insurance because it doesn’t involve a medical exam, unlike traditional life insurance. Instead, you answer a few basic health questions to give the insurance company a rough understanding of your risk. They determine your premium based on the level of risk they assess.

Guaranteed Issue Final Expense

Sometimes people are denied normal final expense plans due to the answers they provide to the health questions. In such cases, there’s another alternative. In Michigan, several insurers offer guaranteed issue final expense policies that approve all applicants. Although these plans come at a higher cost, they provide the essential protection to guarantee your end-of-life expenses are covered.