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Final Expense Guide
Learn about Final Expense coverage and how it can increase peace of mind.
  • Final Expense
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5 Questions to Ask About Medicare
Where do you get started with Medicare? There are important questions to ask yourself as you research and learn more about your Medicare options at all stages.
  • Coverage
  • Enrollment
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Fully Underwritten Indexed Universal Life insurance – An Overview
Fully Underwritten Indexed Universal Life insurance is a type of Universal Life insurance that can offer benefits such as cash value and adjustable premiums. This article outlines what makes Fully Underwritten IUL unique and who it might be for.
  • Indexed Universal Life
  • Life Insurance
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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.

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