Final Expense Life Insurance

The death of a loved one is always difficult emotionally. In addition to the emotional burden such a loss can bring, families are often faced with financial stress as well. Our new GOLDEN SOLUTION FINAL EXPENSE WHOLE LIFE INSURANCE can help provide a sense of calm preparedness for you and your loved ones. 

Who is this coverage for and what does it do?

Sometimes called burial or funeral insurance, Final Expense Insurance is designed to cover final expenses such as funeral arrangements, legal obligations, or medical bills that will need to be settled by your beneficiaries. This insurance offers a lower death benefit than a traditional whole life insurance policy, which also makes it easier to sign up for and less expensive. Individuals between the ages of 50 and 85 are eligible for this insurance coverage. 

How long can we buy coverage for?

While you must initially sign up before the age of 85, this type of insurance is a form of whole life insurance so once issued it will never expire as long as the premium is paid. 

Will my coverage decrease over time?

No! Once your policy is issued your coverage will never decrease based on age or illness. However, as with other forms of whole life, you may have the option of taking a loan out against the value of the policy to pay for certain care if needed. These loans, if used, would count against the final value of the policy unless repaid.

What else is included?

The Golden Solution Life Insurance policy includes a no-cost rider for Terminal Illness Accelerated Death Benefit (where available). Where available, this means you may receive payment of up to 100% of the death benefit of your Golden Solution policy if you are diagnosed after policy issuance as terminally ill where life expectancy is 12 months or less (24 months in some states).

Optional Riders Available

Each policy also offers the optional Grandchild Insurance Rider (also covers Great Grandchildren). This rider provides $5,000 of valuable life insurance protection on your grandchildren and
great-grandchildren per child (maximum of two children) at the rate of just $1.00 per month per grandchild.

For an additional premium, you may also qualify for: 

• Accelerated Benefit Confined Care Rider  With this benefit, if you are confined to a nursing home at least 30 days after the policy is issued you may receive a monthly benefit equal to 5.0% of the face amount per month. Available on the Immediate Death Benefit plan only. (not available in all states)
• Nursing Home Waiver of Premium Rider This rider may waive premium payments during the insured’s confinement in a qualified nursing home after 90 days of continuous confinement when the care is recommended by a physician after the rider is in effect. Available only on the Immediate Death Benefit plan.
• Accidental Death Benefit Agreement Should your death occur as the result of an accident, the Accidental Death Benefit Agreement may provide an additional benefit amount to your beneficiary. Available up to age 80 and benefit remains in effect until age 100. Not available on ROP plan.

Ask an agent about more benefits and riders!

How do I find out more?

If you are interested in finding out more about our GOLDEN SOLUTION FINAL EXPENSE WHOLE LIFE INSURANCE please download our app today! Policy wordings for this insurance are available here on our website: https://www.smartbunny.com/en-us/