Whole Life Modified Insurance

Tax Savings

Whole Life Modified Insurance

What is modified whole life insurance?

(type of Final expense/Burial policy)

Whole Life Modified Insurance

Work with us

Our Whole Life Modified Insurance

One request that we receive a lot, is I'd like to look into burial insurance, this term burial insurance, is indeed a simple marketing term that was created about 30 years ago. Instead of offering individuals something like a simple small whole life policy that accepts individuals with different health issues, the industry decided to call it "burial insurance", because apparently it was easier for individuals to understand what this type of insurance was going to be for.

Whole Life Modified Insurance

Why choose a Final expense policy?

Get the Coverage you Need

Final expense policies are typically for seniors which is very cut and dry. It operates very similarly to a regular whole life policy, except the death benefit is lower, but is mainly made for seniors. This type of insurance policy still has a death benefit which will have a corresponding monthly payment. When the day comes that you pass away, your listed beneficiary will receive a tax free check equal to your death benefit. Essentially these funds will be used to pay for your "Final expenses". And if there is any money left over, that money stays with the listing beneficiary for them to use as they see fit.

Whole Life Modified Insurance

Typically for a Final Expense/Burial policy, coverage ranges between $1,500-$35,000 and premiums are usually around $20-$200 per month depending on the age, gender and the amount of coverage bought. Once again this type of coverage is typically purchased to cover all of the costs of a funeral, while not affecting your personal net monies.

Damian Gerry -

NPN: 19473448 License: 4038677

Tax Savings Investor

Burial Policy/ Burial Insurance

The statements listed below are true no matter which company issues your Final expense policy, "Burial Policy/ Burial Insurance"

Final Expense
If your age or health would disqualify you from getting traditional coverage, a final expense life insurance plan may be just what you need.
Prices cannot increase over time
The monthly payments are fixed for life and cannot increase for any reason.
Insurance coverage cannot ever decrease
Once you have your policy, the premiums cannot increase, and the death benefit cannot decrease.
policy cannot expire at any age (hence whole life)
Burial Insurance
the CASH VALUE builds up that you can borrow on
Burial Insurance
 Whole Life Modified Insurance

Whole Life Modified Insurance

Damian Gerry
NPN: 19473448
License: 4038677
Burial

(619) 322-1404

Why choose a Final expense policy?

Modifying a whole life policy is when there is a waiting period during the first 2-3 years. In this waiting period, the insurance company/carrier will only refund all of your premium payments plus a certain amount in interest for any non-accidental death.

Once the waiting period is over, Full benefit is payable for any reason at all.

Being this is a type of whole life insurance policy, it is very straightforward and below is the FinePrint you should know:

Tax Savings Investor

Life Insurance / Burial

Burial Policy/ Burial Insurance

The statements listed below are true no matter which company issues your Final expense policy, "Burial Policy/ Burial Insurance"