SagaramFinServ

Final Expense

Final Expense
Final expense life insurance is a specialized type of life insurance policy that aims to alleviate the financial burden on a person’s loved ones by covering the costs related to end-of-life expenses.
This policy is particularly beneficial for seniors or individuals who want to ensure that their families do 

Final expense life insurance is a specialized type of life insurance policy that aims to alleviate the financial burden on a person’s loved ones by covering the costs related to end-of-life expenses.

This policy is particularly beneficial for seniors or individuals who want to ensure that their families do 

not face financial stress upon their passing. With its simplified application process, fixed premiums, and focus on covering funeral and related expenses, it provides peace of mind and financial protection tailored to meet the needs of seniors and those looking for accessible life insurance options.

Types of Final Expense Insurance

Simplified Issue Life Insurance, whole life final expense life insurance policy is an instant decision product for middle market individuals between the ages of 50 and 80. It is designed to protect their surviving loved ones from financial burdens that may result from unpaid medical bills, credit card balances, or outstanding loans.

Product Highlights

  • Issue Ages 50-80.
  • Face Amounts $5,000 to $35,000.
  • Maximum face amount varies depending on Level or Graded death benefit.

Guaranteed Issue Life Insurance, Senior clients are often particularly concerned about burdening their loved ones with after-death expenses. Beyond funeral costs, there may be unpaid medical bills, credit card and loan balances, and ongoing household expenses. Guaranteed Issue Whole Life insurance is designed to offer these clients comfort and peace of mind regarding their final expenses. Additionally, it includes benefits typically found only in more expensive policies. Best of all, acceptance is guaranteed, and the process from application to policy issuance is quick and simple.

Product Highlights

  • Issue Ages 50-80.
  • Face Amounts $5,000 to $25,000.
  • No medical exam, labs, or health questions
  • Client cannot be turned down for health reasons

Experience the difference with Sagaram Financial Services.

Contact us today to explore how we can partner with you to safeguard and enhance your financial future. Let us help you build a tomorrow that you and your loved ones can depend on with certainty and peace of mind.

“Providing Services in English, Telugu, & Hindi”.

Confidently Secure Your Future With Our 6-Step Enrollment Process

Initial Consultation

Discuss your financial goals and concerns with the agent to identify your needs.

step 1

Needs Assessment

The agent evaluates your financial situation to determine the appropriate coverage or annuity amount.

step 2

Product Recommendation

The agent presents tailored insurance or annuity options that fit your needs.

step 3

Application Submission

Fill out the application with the agent, including personal and health information.

step 4

Underwriting Process

The insurance company reviews your application and evaluates your risk.

step 5

Policy Issuance & Enrollment

Once approved, your policy is issued, and coverage begins with your first payment.

step 6

Frequently Asked Questions About Insurance

Find answers to common queries and gain valuable insights into insurance
decision-making.

Final expense insurance is a type of life insurance specifically designed to cover end-of-life expenses. Unlike traditional life insurance policies, it usually offers lower coverage amounts and is easier to qualify for, focusing primarily on covering funeral and related costs.

Final expense insurance is particularly beneficial for seniors, individuals with health issues, and anyone who wants to ensure their end-of-life expenses are covered without imposing financial stress on their family.

Coverage amounts for final expense insurance typically range from $5,000 to $35,000. The amount you need depends on the estimated cost of your funeral, burial or cremation, unpaid medical bills, and any other debts or expenses you want to cover.

Premiums are generally determined by the policyholder’s age, gender, health status, and the amount of coverage selected. Guaranteed issue policies typically have higher premiums due to the lack of medical underwriting.

Yes, final expense insurance is designed to be accessible to those with health issues. Guaranteed issue policies do not require health questions or a medical exam, making them a viable option for individuals with significant health concerns.

  • Level Death Benefit: The full death benefit is paid out regardless of when the policyholder dies if the policy is in force.
  • Graded Death Benefit: Only a portion of the death benefit is paid if the policyholder dies within the initial period (usually the first two to three years). The full benefit is paid after this period.

Final expense insurance policies are typically issued quickly. The process from application to policy issuance can be as short as a few days to a couple of weeks, depending on the insurer.

Yes, the death benefit from a final expense insurance policy can be used for any purpose, including paying off medical bills, credit card debts, personal loans, and ongoing household expenses.

Applying for final expense insurance is straightforward. You can call us with simple application process usually involves answering basic personal and health information questions.

Upon the policyholder’s death, the beneficiaries must file a claim with the insurance company, providing a death certificate and any other required documentation. Once the claim is approved, the death benefit is paid out to the beneficiaries.

Get in

Get In Touch Reach out to us today and let’s start discussing how we can secure your future together.

“Providing Services in English, Telugu, & Hindi”.

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