Definition of Final Expense

[NCnatwidagent]

What exactly is your definition of a Final Expense policy. I was under the assumption that was a low face amount ($10,000-$15,000) on mainly seniors but basically anyone.
In reading some of the threads, it seems that alot of the FE agents are selling only to seniors using simplified or guaranteed policys to make underwriting easier.

 

[Josh]

Nailed it. It's just an industry term like calling term insurance mortgage protection.

 

[Jake07712]

I got into FE because I got tired of dealing with the "Policy Prevention Department" (underwriting) , and I couldn't be happier.

 

[Mash]

YES Jake. . . . .you're right on the money.

F E Companies are usually more liberal in their underwriting criteria, and they almost always provide the agent with a list of medical conditions and medicines with an explanation of: this is preferred. . . or standard .. . .or graded death. . .or unacceptable.
So you know up front whether the app will be accepted and which underwriting class the prosp[ect will be in.

 

[nfl72]

payments?

yea i'll try a few