How is FE Different from Life...or Not?

[LGinOhio]

Since joining the forums and reading the senior posts, what is the difference between FE and regular life insurance? Do only certain companies sell these? Seems to me it is similar to life ins. do most life ins companies sell this as well?

 

[Sugzz]

Final Expense is the name given to what many people call "Burial" insurance. It's what people are looking for when they tell you that they are just looking for enough life insurance "to put them in the ground".

They are typically small face value ($3k - $50k but usually around $10k) fully guaranteed whole life policies. Target market is 45-80 years old, with the average customer being 60-70 years old.

Policies are normally non-medical, and come in standard and graded varieties.

Underwriters who offer competitive policies are Assurity, Baltimore Life, and Forethought.

Take care!

 

[LGinOhio]

Thanks! I appreciate the info.