Final Expense Plans

Final Expense Policies have all the features and benefits found in traditional whole life policies and are quick and easy to purchase. We represent multiple insurance companies that offer Final Expense Insurance that can offer customers coverage from $1,000 to $50,000. Final Expense insurance policies can never be canceled as long as premiums are paid, and the monthly premium will never go up.

What Kind of Final Expense Plans are Available?

Customers who are healthy can apply for a Simplified Issue policy. There is generally two parts that ask health questions and if the customer can answer “No” to all questions, they can qualify for this plan. If the customer answers “Yes” in one of these parts, they can qualify for a Graded/Modified policy.  Usually, there is a two-year wait or the policy will pay a certain percentage of the death benefit the first two years. Customers who have severe or multiple medical issues will be able to purchase a Guaranteed Issue policy. There are no health questions for this policy to be issued. There is a two-year waiting period and if death occurs in that time, all premiums paid plus an additional interest rate will be given to the beneficiary.

What is the Average Cost of Final Expense Quotes?

The average Final Expense policy costs between $30-$50 a month. This quote depends on your age, sex, health, amount of coverage, and the carrier you choose. If you have significant health conditions, your premium will probably be higher and may cost between $70-$100 a month.

Where Can You Get a Quote?

To get a quote, go to our website, and click on Final Expense Quoting. For more information, you can watch a Final Expense Quoting webinar that was recently done.

Want to Cross-Sell Medicare? Check out our Medicare Team!

Unfortunately, in order to conduct business currently in most states, E-apps have been the only feasible way to submit business with no in-person meetings allowed. However, the beauty of E-apps is that they are built to be extremely easy and save time. From a compliance standpoint, forms are always current and correct, which enables you to not have to double-check how old your application is. Applications submitted electronically go directly to the carrier with no need to worry about mailing it or faxing it. To do a final expense E-app, all you need is a computer or any electronic device with a valid internet connection. In some cases, carriers even offer the ability to do an application in an off-line mode so it can be submitted once you have an internet connection available.

For being a contracted agent with Pinnacle Financial Services, we give you access to a final expense enrollment platform directly through our website. In order to do this, the agent must log in to our website, which is www.pfsinsurance.com. Next, go to the Services tab and click on Forms that are within the drop-down menu. Once there, you will see a box pop-up that says Basic Search. Next to or under it, you will see iGo e-App. Click on that, then click the blue box that says Log In which will take you to a new window. From there, you would click on Start New Case and begin filling out all the information that is highlighted in yellow. Once the required information is entered, click on the box that says Find Available Products and scroll down until you see the final expense company you are looking for. On the right side of the page you will see Select, click on that and you are ready to begin filling out the e-app.