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Guidelines and Purchase requirements of Final Expense Life Insurance
This kind of insurance is available to everyone but the most common buyers
are the elderly and those that are very ill or terminally ill. Sometimes it
can be difficult for those who are very sick to get other forms of insurance
Final expense policies are often issued on a Guaranteed issue or guaranteed
acceptance policy basis. This means that the life insurance is often issued
without the need to answer a medical exam or without the need to
answer any health questions. The consequences of this is that life insurance
policies can be a little more expensive than other types of policies such as
whole life, but is still very much affordable since they have a low cash
value compared to other policies which makes them very much affordable.
Final expense coverage is also often used by those who are high risk or
those who are deemed uninsurable. This is often due to certain lifestyle
habits or ill health.
