Final Expense Life Insurance

Why Final Expense Life Insurance?

Sooner or later, every family will have to face the costs associated with the passing of a loved one. Many people immediately think of funeral and burial costs when they hear the term final expenses. In reality, final expenses can include many different kinds of costs, such as medical bills, utility bills, taxes, and credit card debt. Preparing ahead for your final expenses can help ease your family’s financial and emotional burdens during an already difficult time.

BetterLife can help you select a life insurance solution that is specifically designed to meet final expense needs and give your family the peace of mind they deserve. Relieve your family from overwhelming financial obligations after you are gone by putting a proper final expense plan in place today.

Flexibility and Freedom

Unlike funeral home-based preneed contracts, which buy goods and services from a specific funeral home, our life insurance policies give you the opportunity to set aside funds that aren’t tied to a specific funeral home or arrangement. This gives your beneficiaries the freedom to choose how the death benefit proceeds are allocated. Given the many expenses your loved ones may encounter, life insurance will provide plenty of flexibility to cover whatever bills need to be paid.

Download Our Final Expense Solutions Info Sheet

Simplified Issue Whole Life

Our Simplified Issue Whole Life policy offers multiple payment options and an affordable rate that won’t change over time. Enjoy an easy application process with simple yes/no medical questions. No medical exam or physician’s statement is required.

Our Simplified Issue Whole Life solution offers:

• Lifetime, permanent protection with a tax-free* death benefit
• Premiums that are guaranteed to never increase for as long as you maintain your policy
• Multiple options for payments; choose to purchase in a single payment or over the course of 10 years, 20 years, or your lifetime
• Choose to pay monthly, quarterly, semi-annually, or annually (with the exception of Single Pay)
• Issue ages range up to 85, but depend upon the option you choose
• Policies available from $2,000 to $24,999

Guaranteed Issue Whole Life

Our Guaranteed Issue Whole Life policy offers permanent life insurance protection that is purchased with a single payment. There are no medical exams or health questions required to qualify, and imperfect health will not prevent you from obtaining life insurance protection under this policy.

Our Guaranteed Issue Whole Life solution offers:

• Lifetime, permanent protection with a tax-free* death benefit
• Guaranteed cash value
• Eligible to earn dividends**
• 100% of face value paid if death occurs from an accident or natural causes after the policy has been issued***
• Available to people ages 40-90
• Policies available from $2,000 to $25,000

Graded Benefit Whole Life

Our Graded Benefit Whole Life policy also offers permanent life insurance protection, but it does not have to be purchased with a single payment. Premiums can be paid monthly, quarterly, semi-annually, or annually. No medical exam is required and the application includes some simple health questions, so people with poor health can still qualify.

Our Graded Benefit Whole Life solution offers:

• Permanent protection with a tax-free* death benefit
• Premiums that are guaranteed to never increase for as long as you maintain your policy
• Guaranteed cash value
• If you pass away due to natural causes within the first two years of issue, your beneficiary will receive a return of all premiums paid plus 5% interest per annum
• If you pass away due to an accident within the first two years of issue, your beneficiary will receive 100% of the face value
• 100% of the face value will be paid for any cause of death after the first two policy years
• Available to people ages 40-85
• Policies available from $2,000 to $25,000

*According to tax laws IRC Section 101 & 7702. Cash surrenders and loans may generate an income tax liability. BetterLife, its affiliates, and its agents do not render tax or legal advice. Consult with your tax and legal advisors regarding your personal circumstances. **Dividends are not guaranteed. ***Subject to suicide provision.