Final Expense in Washington

What Is Final Expense Insurance?

Final expense insurance functions like any other life insurance policy — you apply, The key difference here is that you don’t need to submit a medical exam during the application process. Knowing this, you’ll find it significantly simpler to qualify for final expense insurance compared to other life insurance choices.

Final Expense Costs in Washington

Since you find it easier to qualify, final expense insurance does come with a slightly higher cost compared to other life insurance options. While you might be paying premiums that seem similar, the coverage you obtain for each dollar you spend will certainly be lower. Nevertheless, if you’re someone who doesn’t meet the criteria for other types of life insurance, this shouldn’t be a cause for worry. 

The cost of your final expense insurance in Washington is affected by factors unique to you: your age, gender, and the responses you provide to a set of health-related questions during your application. The underwriter might consider additional elements to decide on your premium, but these aspects mainly shape the pricing based on your personal details.

Final Expense Benefits in Washington

With final expense insurance, just like any other life insurance, you have the power to choose beneficiaries who will receive the death benefit once you or another insured person passes away. You can pick anyone to be your beneficiary, as long as they are willing to take on the responsibility. If you prefer, you can even select multiple beneficiaries for this role.

How much the beneficiaries will receive when you pass depends on what level of coverage you purchase. Some plans only offer $5,000, while others offer as much as $50,000. The best part about final expense insurance is that you get to choose a plan that suits your exact needs.