In today’s competitive market, it can be a challenge to find the right insurance carrier that provides the best rates, coverage, and benefits for your prospects and clients in the final expense market. For any independent agent that is selling final expense, it would be beneficial to have at least one or two guaranteed issue plans to offer in your portfolio.

What Are Guaranteed Issue Final Expense Policies?

Guaranteed Issue final expense policies are typically available for ages 50-85 with death benefits ranging from $1,000 – $40,000 depending on the carrier. ‘Guaranteed Issue’ refers to the underwriting portion of the policy where clients are automatically accepted regardless of their health. The applications have no health questions but will also have a limited death benefit for the first two policy years. The limited death benefit is typically ‘return of premiums’ plus 10% interest. If death occurs after the first two policy years, then the full death benefit is paid out. These plans are easy to explain and even easier to qualify for.

Who Offers Guaranteed Issue Final Expense Policies?

Over the last few years, more carriers have entered the guaranteed issue final expense market. Here are a few of the top final expense companies who offer the best-guaranteed issue plans for your clients:

• AIG – Guaranteed Issue Final Expense
• Gerber Life – Guaranteed Issue Final Expense
• Great Western Insurance Company – Guaranteed Issue Final Expense
• Sons of Norway – Guaranteed Issue Final Expense

How Can I Contract to Sell Guaranteed Issue Final Expense Policies?

Pinnacle Financial Services offers direct contracts with dozens of insurance carriers in the senior market. Whether you are selling Final Expense, Annuities, or even Medicare, our seasoned sales directors can help you get started and guide you through the contracting process. Call Pinnacle today at 1 (800) 772-6881 or visit us online at www.pfsinsurance.com to get started!

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