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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 ...
Final expense policies: ... Note: Life insurance death benefits are tax-free to beneficiaries—but if put into an annuity or retained asset account—the interest earned may be taxable.
Burial insurance is sometimes referred to as final expense, pre-need or funeral insurance. All are designed to cover the costs of your funeral and other end-of-life expenses.
These may also be marketed as final expense insurance or burial insurance and usually have death benefits between $1,000 and $50,000. [ citation needed ] A major reason for their popularity is their use of "simplified underwriting".
Benefits. Term Life Insurance. Whole Life Insurance. Duration. Varies; can last for a period of years or to a specific age ... Final expense insurance is designed to help cover end-of-life ...
National Guardian Life Insurance Company (NGL) was founded in 1909 under the name The Wisconsin State Life Insurance Company as a stock company in Madison, Wisconsin. In August 1910 the company changed their name to Guardian Life Insurance Company and a month later the first life insurance policy - policy #1 with a face amount of $5,000 - was sold.
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