Overview

Funeral insurance coverage is permanent coverage. It works differently than term insurance which only pays a death benefit if you die during the “term” of the policy. A whole-life policy, which is what a funeral insurance policy is, remains in effect as long as you continue to pay your premiums. The premiums and death benefits are guaranteed to remain the same as long as the policy doesn’t lapse due to non-payment.

The application process for obtaining a funeral insurance policy is very streamlined. The amount you pay monthly mostly depends on your age and health at the time of purchase. There is usually no medical exam. Most times there are just a few medical questions you need to answer. This is called simplified underwriting. Simplified underwriting is a great option for those who may be a little older or may not be in the best of health. You qualify for this type of policy if you can answer “no” to a few simple health questions. We also have policies that do not have any health questions.

This policy is perfect for people who have extreme health conditions that normally would cause them to be denied coverage. These policies require a two-year waiting period before you are eligible to have the full face amount paid out to your beneficiaries.