Final expense whole life insurance policies for seniors
Small final expense whole life policies for seniors are available even if you’ve had health issues- FDP Insurance works with several companies to help seniors obtain small final expense whole life insurance that will last until at least age 100
Growing older is not as horrible as it appears. Believe it or not, many people enjoy retirement or continue to work as they age. Additionally, you may consider quick loans from the cash value- if you need cash for medical bills, maintenance, tuition, or other monthly expenses. You can receive a cash advance ahead of time, eliminating the need to worry about meeting financial obligations.
How many times have I heard “Ill just put money in a bank account every month and save up for my final expenses”
That could take forever. Example- a 55 year old females life insurance premium is $30 a month for $10,000 in coverage- if she puts $30 in the bank every month for a year she has $360- at the end of ten years its $3600- it would take her almost 28 years to save the entire $10,000 – she would be 83 years old
Buying a small final expense whole life insurance policy for seniors to cover final expenses will cover you once the policy is purchased -if any health issues arise after the purchase of the policy, the policy can never be cancelled except for non payment of premium. The policy pays out the full $10,000 or whatever the death benefit is- when death occurs- minus any loans against the cash value. The policy continues past age 83- all the way to 100 years old- they will pay out as long as the policy is enforce. The small final expense whole life insurance policy for seniors also develops a cash value, so if the insured misses a couple payments in the later years- the insurance policy can loan her the money from her cash value to pay her premium. Small final expense whole life policies for seniors can be used to pay final expenses for the end of some ones life
The average cost of a burial is about $9000 according to one funeral cost website
https://www.parting.com/blog/funeral-costs-how-much-does-an-average-funeral-cost
Funeral expense trusts are also available in some states to protect funds from medicare spend down.
Frank Pietroski Jr is licensed in most states- call to get a quote for your coverage- some states allow apps to be done by mail, electronically or by phone
diabetes ok as long as you haven’t had a Diabetic coma or had an amputation due to Diabetes- previous heart attacks,
cancer in remission
stroke –
COPD can be issued graded or potentially level depending on severity and company guidelines
Other issues as long as the applicant is not terminally ill
Different carriers to work with
Applications can be electronic or through the mail
Some policies may require a telephone interview
Small final expense whole life policies for seniors feature simplified underwriting and just a few health questions.</p>
Additionally, if you are interested, you can also read about the Issued with a Statutory Demand.