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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 ...
Burial insurance is a type of whole life insurance policy that can be used to cover your burial and other funeral costs. ... Burial insurance is sometimes referred to as final expense, pre-need or ...
Final expense insurance is designed to help cover end-of-life expenses, like funeral costs and medical bills. Like guaranteed issue life insurance, it offers low premiums and a modest death ...
These policies are often low face value whole life insurance policies, allowing individuals (ages 50-90) to purchase affordable insurance later in life. These may also be marketed as final expense insurance or burial insurance and usually have death benefits between $1,000 and $50,000.
Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called "straight life" or "ordinary life", is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. [1]
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.
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