Final Expense Insurance Plans are geared toward the 65 and older beneficiaries. It is a simplified Issues Whole Life Insurance with the smaller face amounts between $5,000 to $25,000. These types of policies are not fully underwritten but rather quick issues with no paramedical exam or APS (attending physician statement). True guaranteed issue plans are available.
Single Premium Final Expense Insurance Policy is a simplified-issue permanent life insurance which is available to clients up to age 85. Clients with a lump sum as low as $5,000 can pay up a life insurance plan to help pay for burial expenses and pass on wealth tax free. No paramedical exam or APS required. It is geared towards the 60 and over market due to its simplified issue underwriting.