Final Expense Insurance

Final expense insurance is a product offered to individuals who are seeking to leave something to assist their loved ones in paying for expenses associated with their death, such as funeral expenses and medical bills. The death benefit is generally paid to your designated beneficiary income tax free without the hassle of probate.

Prosperity Life Group offers two types of final expense plans – a whole life product, as well as a term product designed for those in poorer health who may have had difficulty purchasing insurance in the past. All offer monthly, quarterly, semi-annual, or annual premium options that allow you to time your premium payments to receipt of social security benefits.

Best of all, you can qualify instantly without a medical exam – eligibility is determined when you fill out your application based on height/weight and your answers to questions related to the insured’s health history.*

Final Expense Whole Life Insurance

  • Lifetime Protection
  • Guaranteed death benefit – certain plans offer limited death benefit in the first 3 years for non-accidental death
  • Level premiums – won’t increase
  • Face amounts up to $35,000
  • Cash Value Accumulation
  • Accelerated Death Benefit option for Terminal Illness
  • Optional Accidental Death Benefit

 

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Term Final Expense

  • Lifetime Protection
  • Guaranteed death benefit – limited death benefit first 3 years for non-accidental death; death benefit decreases annually starting Year 21
  • Level premiums – won’t increase
  • Face amounts up to $30,000
  • Cash Value Accumulation
  • Accelerated Death Benefit option for Terminal Illness
  • Optional Accidental Death Benefit

Learn More

*MIB and prescription history reports may also be a factor in the underwriting decision. Certain applications may be referred to the Home Office for additional underwriting.

Products not available all states – features may vary by state. Please read the materials provided for more detail about each product we offer and discuss them with an agent appointed with a Prosperity Life Group company. Certain plans offer limited benefits in the first few policy years for non-accidental death. Death benefits may be denied if death occurs in the first two policy years if there was a material misrepresentation in the application for coverage or death results from suicide.
Accelerated death benefit not available all states.
Neither Prosperity Life Group or any of its member companies provides, and nothing herein is intended to be, tax advice. You should consult your tax advisor as to the tax features and consequences associated with any insurance product you purchase.