Skip to Main Content
1-855-700-8583( TTY: 711)|Mon - Fri, 8 AM - 8 PM ET
  • 1-855-700-8583 | TTY: 711
    Call a licensed insurance agent Mon - Fri, 8 AM - 8 PM ET
back arrowBack to All Articles

How Much Life Insurance Do You Need?

Andrea Feucht
  • Life Insurance
  • Final Expense
Responsive Image

Ready to find coverage in your area?

View Life Insurance coverage options in your area
Responsive Image

Get personalized guidance

Connect with a licensed insurance agent1-855-700-8583Or have an agent contact you

Continue Reading

Why Downsizing in Retirement Can Save You in a Large Way
For some seniors, downsizing isn’t just a difficult decision but an actual economic necessity. As more Baby Boomers and Gen Xers near retirement age, downsizing might be the only way they can afford to stay retired.
Read More
Medicare 101 Video
  • Original Medicare
  • Medicare Advantage
Watch Now
Medicare and Men’s Health: What You Need to Know
Medicare coverage is available to most Americans over age 65, but health concerns and lifestyle conditions can be quite different between genders.
  • Original Medicare
Read More
trustedform
Connect with us

Final expense life insurance may not cover the entire cost of your funeral and may be used by the designated beneficiary for any purpose rather than being limited to specific funeral services and providers. Final expense life policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. This type of policy generally doesn’t require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues. Reducing or skipping premium payments will impact the amount of interest paid and may impact how long the policy lasts. Accessing the cash value of a policy will reduce the available cash surrender value and the death benefit. A policy owner does not have the ability to make unlimited payments into the policy. If too much is paid into the policy, it will become a Modified Endowment Contract (MEC) and withdrawals and loans will be taxable. Coverage may not be available in all states and may vary by state. Policy guarantees are based upon the claims-paying ability of the issuing life insurance company.

Need help making a decision?
Get personalized guidanceConnect with a licensed insurance agent.1-855-700-8583 | TTY: 711Or have an agent contact you.
Need help making a decision?
White and blue message boxes