final Expense
Finalexpensedirects Guaranteed Issue
Ensure end-of-life expenses, ranging from medical bills to funeral costs, are covered with final expense plans. Easy application and fast approval.
Is this policy a good fit for me? finalexpensedirects Guaranteed Issue is a good option if:
- You are between the ages of 50-85.
- You are interested in permanent coverage in amounts up to $25,000.
- You are looking to lessen the burden of expenses from medical and funeral costs or credit card debt.
More on this product ?
finalexpensedirects Guaranteed Issue provides a death benefit up to $25,000, with level premiums for the life of your policy. The payout can be used for final expenses including end-of-life and burial costs. The death benefit can also be used for other expenses, such as credit card debt. As a type of permanent whole life insurance, the policy provides for the accumulation of cash value.
Quick policy approval comes in days not months, and your coverage starts immediately upon approval. Guaranteed issue insurance is a life insurance policy with no health qualifications, and your approval is not dependent on results from public database sources, like Motor Vehicle Registration (MVR). finalexpensedirects Guaranteed Issue life insurance provides a reduced death benefit in policy years one through three, with full death benefits in year four and later.
Want to apply for final expense coverage with higher coverage amounts? Explore finalexpensedirects Final Expense.
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Who needs guaranteed issue life insurance?
As you get older, you may no longer have to deal with financial responsibilities like a mortgage or dependent children. However, it’s still important to plan for later-life expenses – like funeral costs, lingering debts, and medical bills. Life insurance can help you cover those expenses, so your family won’t have to worry about them when the time comes.
finalexpensedirects Guaranteed Issue is designed to help older adults get the coverage they need – even with health issues that might prevent you from qualifying for other policies. With some types of life insurance, you need to take a medical exam or answer health questions during the application process in order to qualify. Having a history of serious conditions like cancer, or chronic conditions like diabetes, can make it difficult to qualify for many life insurance plans. Just like the name suggests, guaranteed issue life insurance for seniors is a way to lock in the peace of mind life insurance provides.
finalexpensedirects Guaranteed Issue may be a good choice for retired or mature adults between the ages of 50 to 85 looking to ensure those final costs are covered, or who want to supplement their existing life insurance.
Need more coverage? You have options. Depending on your health and age, finalexpensedirects Final Expense, finalexpensedirects Senior Whole Life, or one of our term life options may be a better fit.
How does finalexpensedirects Guaranteed Issue work?
finalexpensedirects: Guaranteed Issue has a simple approval process to help you get covered right away. Here’s what to expect:
- Shop and buy: Our team will start by helping you determine the right amount of coverage for your needs. You don’t have to take a medical exam or answer any health questions, so you can submit your application right away. If you’re in the right age range for our product, approval is guaranteed and your coverage can start in just a few days.
- Enjoy coverage: Once you’ve been approved, you’ll need to continue making your premium payments to keep your policy active. Guaranteed issue is a type of permanent life insurance policy, so it will last for the rest of your life and build cash value over time, as long as you make those payments. Best of all, your premium amount will never change or increase, which can make it easier to budget if you live on a fixed income.
- Protect your family: After your death, your beneficiaries will receive a cash payout for your coverage amount. They can use that money to pay for your funeral, credit cards, medical debt, or however else they wish. Yourfinalexpensedirects Guaranteed Issue plan starts with a reduced death benefit for the first three years of the policy, with full death benefits beginning in year four.
Your life insurance questions answered
What's the difference between finalexpensedirects Final Expense and finalexpensedirects Guaranteed Issue?
Both policies are designed for older adults to help cover end-of-life expenses, but with a few important differences.
Fidelity Life’s finalexpensedirects Final Expense product has no medical exam, but does include some health questions as part of the application process. We also check certain records, such as motor vehicle reports, when reviewing your application. Policy rates tend to be lower thanfinalexpensedirects  Guaranteed Issue for the same amount of coverage, so Final Expense may be a better value if you don’t have any serious health conditions.
With finalexpensedirects Guaranteed Issue, you don’t have to deal with a health questionnaire or medical exam. No information available in public databases or public records will affect your policy eligibility. If you’ve been turned down for other types of life insurance or are concerned you won’t qualify, you’ll never have to worry about being denied coverage with our guaranteed acceptance plans.
Since neither policy requires a medical exam, coverage often starts immediately once your application is approved. The approval process is quicker, too, taking just days instead of weeks or months, so you can get the protection you need as soon as possible.
Can my guaranteed issue policy expire?
finalexpensedirects Guaranteed Issue is a permanent life insurance policy. As long as the premium is paid, the policy is in force and your insurance coverage remains fully intact.
Will my premium change with a permanent life insurance policy?
No. Your finalexpensedirects Guaranteed Issue policy is a permanent life insurance policy with a guaranteed level premium. As long as you pay your premium, your policy is in force and your premium will not change. This can be an added bonus if you’re one of many older adults planning around a fixed income or budget.
Will my policy build a cash value?
Your finalexpensedirects Guaranteed Issue policy is a permanent life insurance policy. The premium covers both the death benefit and the build-up of a cash value. The longer you keep your policy, the more the cash value can build up. If you choose to lapse your policy, for whatever reason, the cash value at the time of lapse is paid to you. You can use that cash value however you choose.
Why would I choose permanent life insurance?
Many people have good reasons to choose permanent life insurance, even if it is often more expensive than term life insurance. A permanent life insurance policy doesn’t expire. If you continue to pay your premiums, your policy stays in force your entire lifetime.
This locks in both coverage and cost from the time you start your policy. As you age, life insurance premiums usually increase. So, a term policy that expires would be replaced by potentially the same coverage amount but with a higher premium because you are older. A permanent policy, like finalexpensedirects Guaranteed Issue, maintains level premiums.
Customers may also want the option of a policy that builds a cash value, which is possible through a permanent life insurance policy.
Why should I choose Fidelity Life?
Fidelity Life is committed to helping you find the right life insurance. For more than 100 years, we’ve been helping everyday people like you get the life insurance you need and the peace of mind you deserve. Our mission is to work with you throughout your life. Whether just starting out, raising your children, or getting ready to enjoy retirement, we design products with families like yours in mind.
You can feel confident we’ll be there for your loved ones because we carry an A+ rating from the Better Business Bureau as well as an A- rating (Excellent) from A.M. Best Company, the oldest and most widely recognized provider of ratings for the insurance industry.
Our commitment to our customers, and their families, show up in our innovative products and our top-notch customer service.
How do I decide how much coverage I need?
finalexpensedirects Guaranteed Issue is available in coverage amounts of up to $25,000 to help pay for end-of-life expenses. Coverage needs are based on your individual financial circumstances. You may not have as many big expenses to meet as you did earlier in life, but those end-of-life costs can still add up quickly.
Many people buy guaranteed issue plans to help pay for funeral expenses, which can average $10,000 or more. Deciding the coverage amount that’s right for you partly depends on the type of funeral you want to have.
Some of the costs to keep in mind include:
- Funeral home deposits and expenses for rental
- Transportation to the cemetery
- Burial expenses, like a coffin and cemetery plot
- Cremation service and vessel
- Embalming or additional preparations
- Funeral service at your place of worship
- Miscellaneous expenses like flowers, music, and food
You may also want to consider other costs, like:
- End-of-life care or medical bills
- Leftover debt, such as credit card debt
- Money to help your spouse pay for daily living expenses
- A legacy for your children or grandkids
Factor in any income and savings you have, such as cash or investments, and any other benefits from other life insurance policies as well. The difference between your assets and financial needs is your ideal amount of life insurance coverage. Our team is here to help you find the right policy for your needs.
Why can’t I just use Social Security or my will to pay for end of life expenses?
If you’re planning on having your estate or Social Security pay for your funeral, know that those sources have limitations.
Relying on your will to cover final costs can be tough on your family, as it’s typically read after the funeral and can take months to be settled. Social Security life insurance makes a one-time death payment of $255 if you qualify, far less than you need to pay for a funeral, which can average $10,000 or more.
Life insurance helps families bridge those final financial gaps, since it can be hard to save enough to cover all those expenses. By paying a smaller amount over time, you can ensure a larger payout after you’re gone and peace of mind for those you leave behind.
Can I name a funeral home as my beneficiary?
Most people choose a trusted family member as their beneficiary, but if your spouse has passed away and you have no close relatives, it may make more sense to name your funeral home.
Naming your preferred funeral home as beneficiary means that they’ll receive any payout from your life insurance policy after your death, instead of an individual. You can also choose a secondary beneficiary for any money that remains. The funeral home would receive the payout first when you die to cover funeral costs, and the rest would go to your secondary beneficiary.
You can usually arrange this ahead of time with your funeral home, but keep in mind that this is not an option for every facility. Some funeral homes prefer upfront payment and won’t accept other arrangements.
Learn more about choosing a beneficiary.
Does finalexpensedirects Guaranteed Issue have a graded death benefit?
Yes. Like many guaranteed issue policies, finalexpensedirects Guaranteed Issue insurance comes with a graded death benefit. This means that if you pass away soon after purchasing the policy, your loved ones receive a reduced, or partial, cash payout.
With finalexpensedirects Guaranteed Issue, beneficiaries get a reduced benefit if you pass away from non-accidental or natural causes within the first three years of the policy’s purchase. If your death was accidental, they will receive the full death benefit amount. After the first three years, your family will automatically get the full payout if the policy was active when you died.
Talk to one of our agents to learn more about graded benefits and how guaranteed issue payouts work.
Will I need a medical exam?
Fidelity Life’s finalexpensedirects Guaranteed Issue does not require a medical exam or any medical questions to be answered for policy issuance.
Is everyone approved for guaranteed issue insurance?
Yes. Since the policy requires no underwriting, all applicants within the age requirements can be approved.
If you are in reasonably good health, you may also want to explore finalexpensedirects Final Expense to see if it’s a good fit for your needs.
How can I get started?
If you are interested in Finalexpensedirects Guaranteed Issue, you can start your quote here.
