Final Expense

The Final Expense market has stood the test of time and will continue to flourish into the future! Many consider this the “bread & butter” of the life insurance industry. Agents working in this market primarily utilize Simple Issue life insurance products that don’t require any paramedical exams.

Typically, an underwriting decision can either be made right at point-of-sale or within 24-48 hours from when applications are IGO (in good order). The sales process and turn-around time is fast and that’s just one reason why so many agents love the Final Expense market! Compensation is rich and financing is available for qualified producers.

Face amounts range from $2,000 to $50,000 with coverage amounts between $10,000 to $35,000 most common. Baby boomers and seniors purchase insurance to cover their “Final Expenses,” such as funeral expenses, pay-off debts and/or leave a legacy to their loved ones.

Insurance agents need a way to connect or find these people in need to present and close business, which results in getting paid quickly! These potential buyers can usually be seen morning, noon or night. Agents love this flexibility!

Life Professionals works with the premier carriers in the industry and offers a stellar direct-mail program for the Final Expense market. Contact us today if you want to learn more or to get started. You’ll be glad you did!

Examples of carriers that Life Professionals represents for this market include; American Memorial (Assurant), American National, Americo, CVS Health (Accendo), Foresters, Gerber, Great Western, Liberty Bankers, Lumico, Mutual of Omaha, Oxford Life, Prosperity Life Group and Transamerica.