Frequently Asked Questions

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… [Read More]

How long it takes for a final expense policy to pay out depends solely on the life insurance company. Some companies can take weeks or months to pay the policy benefit. Others pay approved claims in 24 hours. Call Insurance Pro Florida at 407.847.7000 to learn what may be the best final expense policy for… [Read More]

Final expense insurance does allow for a cash value to build because it’s a form of a whole life insurance. For most whole life insurance policies, when you pay your premiums some of that money goes into an investment account. This type of insurance policy builds a cash value over time, so you may borrow… [Read More]

To determine the amount of final expense coverage you will require, you will first need to try and estimate your total final expenses, which is a simple process with only 4 steps. Step 1: Estimate Household Expenses Step 2: Factor in Funeral Expenses Step 3: Add to Find Total Final Expenses Step 4: Take Inflation… [Read More]

In most cases, final expense insurance policies can immediately provide full death benefits, starting from your first day of coverage. All one needs to do is have the application approved and pay the first premium to secure coverage, and your paperwork should display the policy effective date. However, if your policy has a graded benefit,… [Read More]

Given its flexibility, final expense insurance mitigates some of the worry preneed or prepaid plans may leave unresolved. Many of the concerns and limitations of those plans don’t apply to final expense. However, there are some things you should be aware of before enrolling in final expense insurance. Benefit Burial/Preneed/Prepaid Insurance Final Expense Insurance Expenses… [Read More]

Final expense insurance, or burial insurance, is meant to cover the cost of funeral and burial services like the prepaid plans. However, unlike preneed and prepaid funeral packages, final expense insurance can also help cover a number of costs, including but not limited to: Outstanding debts Probate or legal fees Medical bills Outstanding debts This… [Read More]

The need to have a life insurance doesn’t actually end when your children grow up, as many may suggest. Keeping life insurance (either term insurance or whole life policy) is a good idea. Read more.

Living in the current Covid 19 environment, life insurance for diabetics is still obtainable. Nevertheless, your premiums will vary depending on several factors, including your life insurance company, your age, your diabetes type, severity, and treatment, just to mention a few. The more risk you present in any of these categories, the more you’ll pay… [Read More]

The type of diabetes will not only affect your chances of approval but also the premium, if you get approved. Type 2 diabetics often get better rates, but if you have type 1 diabetes and can prove it’s being well-managed by a consistent treatment plan, your premiums may be lower than someone with type 2… [Read More]