What Is The Difference Between Final Expense and Whole Life?
It’s completely understandable if you’re feeling confused about all your insurance options. Making sure that you’re on the right track is important, but it can
Whole life is a specific type of life insurance that insures the individual for their entire lifespan. While some other types of policies may only provide coverage for a set amount of time, such as ten or fifteen years, whole life does not have a limit.
Single premium whole life policies are unique in that they are only paid into once. After the premium has been paid, there is no need to continue paying and the coverage will continue. This is an excellent option, as it does not require the individual’s continual financial engagement.
If you’re looking for a permanent option that will provide a death benefit no matter your age, you should consider this type of plan. If you have financial uncertainty and are not sure you’d be able to make monthly premium payments, this type of policy may be an excellent option to avoid those bills and secure life insurance now.
Many policies, including single premium whole life, will most likely require medical underwriting. Be sure to carefully read the requirements when applying and be open and honest about your health history.
If you’re wanting to learn more about the different types of life insurance available, make an appointment to speak with one of our professionals. We understand that making insurance decisions can be confusing, so we’re always here to offer support and answer any questions you may have.
It’s completely understandable if you’re feeling confused about all your insurance options. Making sure that you’re on the right track is important, but it can
The only thing between you and your future life insurance policy is the application itself. The goal of the process is for the company to
When looking for a permanent life insurance policy, you may wonder if getting a whole life or universal life insurance policy is better. Both have
Life insurance is an excellent way to ensure your loved ones are taken care of. But within life insurance, there are terms that frequently appear.
There is no rule that forbids you from having more than one life insurance policy. In fact, having more than one policy may be encouraged
Final expense and traditional life insurance offer greater benefits to your loved ones than what your own savings can do alone. But they are marketed
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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.