Age, coverage amount, medical history, and current health condition will dictate the price of your policy. For a $7,000-$15,000 policy, you can expect to pay between $60-$120 per month, but this monthly expense is highly influenced by the above factors.
The lump-sum payout for Final Expense/Burial Insurance is paid to the listed beneficiary. At this point, the beneficiary will be able to do what they would like with the money. This is typically used for the final expenses of the deceased. These expenses can cover but are not limited to, post-mortem expenses, medical bills, outstanding bills, other end-of-life expenses, leaving an inheritance and charity donations.
Depending on your age and health condition, there is a wide variety of plans that may fit your individual needs. There are four types of coverage- Level, Graded, Modified and Guaranteed Issue. Call us today (833)518-0080 to see what you qualify for.
Guaranteed Issue is a type of Final Expense Life Insurance which typically offers full coverage after two years and partial coverage within two years. No medical questions are asked however the proposed insured needs to be in a healthy state of mind to apply for this coverage. The Guaranteed Issue plan is reserved for those with severe health issues.
Willamette Life Insurance can assist with the application process. Our state-licensed customer service representatives are standing by. Call (833)518-0080
Yes! The application process can be done entirely over the phone, there is no need for an agent to come to your home. We have state-licensed non-commission customer service representatives ready to assist you with your Final Expense questions and needs. Call (833)518-0080
Everyone’s needs are different and based on several things, from the coverage you are looking for to any health conditions you may have, life insurance is personal. There are four tiers of coverage- Level, Graded, Modified and Guaranteed Issue.
Some plans offer full coverage beginning on your first day of approval. Typically, if you are in good health your policy will begin immediately. Some other plans, usually are for individuals in fair or poor health, full coverage will typically begin after two years with these plans. If the policyholder were to pass away during these 24 month period they will receive a portion of the total death benefit as determined upon approval.
The cost will be the same whether you use an insurance agency or work directly with the insurance carrier. At Willamette Life Insurance we are contracted with many carriers which allows us to compare prices and coverage levels to find the best fit for you. This is our competitive advantage!