Final Expense No Exam Whole Life Insurance
Reader’s Question:
What is no medical exam final expense life insurance and who can get it here in Jacksonville, Florida?
Joseph
Jacksonville, FL
Final expense life insurance policies are intended for senior citizens who would like to have life insurance for their families. These types of life insurance plan would normally pay for the funeral expenses, final bills as well as taxes and probate costs. Final expense is no exam whole life insurance which means that the coverage is permanent and the fees do not rise. The face value of this type of plan is usually from $3,000 to $25,000, although a number of plans have face value as high as $50,000. The people who can get it are those between 50 and 85 years old. Whole life insurance is a great option for elderly people since they are assured to have coverage for as long as they live and keep on paying the fees.
Unlike other kinds of life insurance plans, final expense is no exam whole life insurance which means it doesn’t require a physical examination. The applicant is normally given final expense life cover if he/she could answer no to a few health questions. The majority of senior citizens have some kind of health condition such as high blood pressure, so they think they can’t get life insurance because of it. With final expense life insurance plan, the insurer understands that most people would have one health issue as a minimum.
Tags: life insurance, no exam life insurance, whole life insurance