We cannot stop death and we cannot do anything about it. But we can do something to help our loved ones take good care of the bills and expenses you’ve left. It is important that you have to deal with it right now.
The two basic categories covered by the final expense policy
You might have received a bunch of emails or have seen popped up ads saying you don’t need exams and medical tests to avail their insurance policy. Are these claims legitimate? Yes they are and we will learn more about these two issues and their basic functionalities in the final expense policy. If you want to get more details about burial insurance policy, you may check out choicesenior insurance.
The Guaranteed issue and information that entails it
The guaranteed issue is one of the categories you can find in the final expense insurance. This category will not turn down anyone even if you have multiple medical conditions or other issues. They don’t require exams or tests and no medical questions. You cannot be turn down by the company for any particular reason.
However, the guaranteed issue would require certain amount of time for you to claim the full benefit. Some companies would divide the full benefit by percentage depending on the situation. For example, if you died on two years after you availed the policy the company will give you 10% plus the full amount of money you’ve paid.
The simplified issue and its basics
The simplified issue is a type of category that gives the clients no certain amount of time to wait to get their full benefit. It means that they can immediately get the full benefit if they die the next day or so once the coverage begins.
However, this category would require one to be at least at the half way decent health. So there are no exams but there are several questions relating to medical issues.