Can A Final Expense Policy Be Purchased As A Secondary Policy To Supplement Benefits From Other Life Insurance?

The answer is yes, final expense insurance may be purchased as a secondary policy to supplement benefits from other life insurance or also as a form of guaranteed issue coverage that doesn’t require a medical exam. Keep in mind that the premiums for final expense insurance policies are typically higher than many other policies with a lower payout. It’s typically a good option once you pass a certain age or develop health problems. Also, many people often purchase a final expense policy when in their 50s or 60s when their term life policy expires for it can be a way to cover a funeral or other end-of-life costs.

Final expense insurance may be easier to qualify for than other types of bigger policies and the payout from a final expense plan comes with no strings attached, so your loved ones can use it however they need,” said Juan Carlos “JC” Doitteau, President at Insurance Pro.