Questions + Answers

It’s not unusual to have questions about life insurance. Below are some of the most frequently asked questions we receive, along with answers.

What is the difference between term insurance and whole life insurance?

Term insurance covers you for a short term of your life; 10, 20, or 30 years and the premiums may go up after every term.

Whole Life insurance covers you for your whole life, and the premiums never change, and coverage never decreases as long as you pay the premium.

What is the difference between a burial insurance and Final Expense insurance?

Burial insurance covers your burial at the issuing funeral home after you have paid the entire amount. If you transition before that time, you cannot be buried without paying.

Final Expense insurance is a whole life insurance policy. With a final expense policy you are covered for the full amount of your policy, the day of your first payment and the policy never changes as long as premiums are paid.

I have $2,000.00 in the bank. Isn’t that enough for my funeral expenses?

Your widow will need much more money to cover funeral expenses. Sometimes we don’t pass away in the comfort of your home. Death can come from an auto accident or a stroke in a nursing home. The average cost for final expenses is over $6,000. This plan is for funeral expenses only. Leave your savings alone. That money will be needed by your widow.

Is my plan still valid if I move to different state?

Yes, as long as your premiums are current, it will remain in affect no matter where you live. Your plan is good world-wide.

I already have a cemetery plot. How will the plan benefit me?

You have already taken care of one-third of the total expenses. The plan will take care of the rest, including the funeral services and all miscellaneous expenses at the cemetery.

Will my premium increase?

No, as long as premiums are kept current. Your plan will remain the same for the life of the policy.

Can my policy be canceled?

Yes, but only for non-payment of premiums. It is important the funds be available in order to avoid a lapse in the policy.

How much does it cost?

The premium depends on the age and the medical condition of the insured. You will be asked just a few health questions. No medical exam will be required.

How old do I have to be to get coverage?

Ages 0-85 years old may qualify for coverage at very affordable rates. Children ages 0-18 can be added to an adult’s policy as a child or grandchild rider.