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Final expense life insurance, sometimes referred to as guaranteed issue, guaranteed acceptance, funeral or burial insurance, is a type of whole life insurance designed to cover end-of-life ...
If you don't have $10,000 to stash in a money market account to cover the cost of your funeral, you can always buy final expense insurance and name a loved one as the beneficiary of the policy.
Final expense life insurance: If you don’t want your family members to have to pay for a funeral, final expense life insurance will provide the funds they need for your funeral when you pass away.
Life insurance (or life assurance ... These may also be marketed as final expense insurance or burial insurance and usually have death benefits between $1,000 and ...
In 2006, Settlers Life Insurance Company (Bristol, VA) merged with and into NGL. The combined entity immediately changed its name to Settlers Life Insurance Company and focused sales on primarily final expense insurance. Two years later, in 2008, NGL purchased Key life Insurance Company (Indianapolis, IN), acquiring 8,700 policies.
MetLife's individual life insurance products and services comprise term life insurance and several types of permanent life insurance, including whole life, universal life, and final expense whole life insurance. [77] [78] These services vary in regards to the duration and amount of coverage available and whether a medical exam is required for ...
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