Most likely, you’re here because you’ve seen a commercial from Helping America’s Seniors advertising a new guaranteed final expense life insurance program that they’re offering.
And now, you’re looking for more information on how these programs work to determine whether this insurer can cover your final expenses.
If this is the case, keep reading!
This article will review in detail how Helping America’s Seniors guaranteed final expense life insurance product works.
We’ll also talk about some key issues you should be aware of in the fine print and what steps you can take to get a second opinion.
If you’re looking for burial insurance coverage for:
You’ve found the right article, And without further ado, let’s get started.
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Helping America’s Seniors programs are what’s called “simplified issue final expense whole life insurance.” Let’s go ahead and break that down to make it a little easier to understand.
With simplified issue insurance plans, there are no medical exams or tests to take to receive a decision on whether or not you’ll be accepted.
Instead, simplified issue products rely upon reviewing existing medical information and prescription history to determine whether or not you’re going to be accepted.
This means securing insurance is a much simpler process and doesn’t require days, weeks, or even months to receive a decision.
In fact, you should find out whether or not you’re approved immediately upon talking to the representative.
“Final expense” simply refers to a type of life insurance product that covers costs associated with funerals, cremations, credit card bills, etc.
Most of these plans start from anywhere between $1,000 to $50,000 in coverage, with some plans going even higher.
Most people typically buy somewhere between $10,000 to $25,000 in coverage. Plus, the nice thing about final expense plans is that they’re easily customizable to suit your individual needs.
Whole Life Insurance
Whole life insurance simply refers to how long the plan lasts and how it’s designed. Personally, I think whole life insurance plans are best at covering final expenses. This is because they never cancel due to age or health.
As long as you pay your premium, you CANNOT outlive your whole life insurance cover.
Whereas other plans like term life insurance can actually cancel before you die. You read that right! You could outlive your insurance and then pass away without any cover at all.
That’s why I recommend whole life insurance for seniors looking to cover final expenses. Plus, these plans aren’t subject to rate increases either.
As long as you keep up with your payments, the premium stays the same.
And of course, that’s another benefit for seniors since most are on a fixed income and don’t want to pay out of pocket more than they have to.
In most cases, Helping America’s Seniors are going to offer these simplified issue final expense whole life plans. But let’s switch gears now and take a look at the fine print.
These issues aren’t necessarily unique to Helping America’s Seniors, but they aren’t clarified well either.
Therefore, I want to spend some time highlighting some of the issues you may run into while looking for final expense coverage, whether you work with Helping America’s Seniors or work with us here at Buy Life Insurance For Burial.
Most people want to know whether they can get immediate coverage or if they have to put up with a waiting period before they’re fully covered.
Well, that’s honestly going to depend upon your health.
However, the one thing that’s unclear in the Helping America’s Seniors commercial is what carriers they offer.
This is a potential problem since you really should work with a broker or company that can offer a number of different insurance carriers with various underwriting requirements.
What it comes down to is underwriting—underwriting standards affect whether a carrier will be able to insure you. Some companies will accept diabetics, people with cancer, or a history of heart-related issues, but many others won’t.
That’s why it’s so important to work with an experienced broker who has access to as many carriers as possible.
More carriers mean you have a much better chance at figuring out which options can offer you the best value in terms of coverage, price, and underwriting flexibility.
But as we mentioned earlier, with Helping America’s Seniors, it’s not clear who you’re going to work with.
Of course, it’s possible they represent multiple carriers, but there’s also a good chance they only have 2 or 3 options to work with.
However, at BuyLifeInsuranceForBurial.com, we have access to 15+ carriers, all offering various plans with flexible underwriting requirements depending on which state you’re in.
This gives us the best chance at securing you a great plan that’s well within your budget and hits all of your insurance goals.
We can’t reiterate enough how important it is, especially if you’re older or your health’s not that great, to work with a broker who has access to multiple carriers.
At BuyLifeInsuranceForBurial.com, we have a much better chance of finding a plan that covers you from day one!
Of course, we think a second opinion is a good idea! After reviewing the commercial from Helping America’s Seniors, anyone can tell it’s not entirely clear what you’re going to receive, and it never hurts to double-check if there’s a better option available.
If you’re interested in getting a second opinion through buylifeinsuranceforburial.com, it’s super easy.
You can do so by filling out the quote form on the screen. Simply click the “quote” button at the top of your phone, or if you’re on a desktop, the form will be on the right-hand side.
You’ll receive an instant quote based on your options and be able to request an application if you like what you see.
You can also call us directly at 888-626-0439 if you’d prefer to have a quick chat. You’ll speak to myself or one of my friendly service professionals.
Either way, we would be happy to provide you with all the information you need and offer you a free quote after asking a few health-related questions.
What you do with the information is up to you. If you like it, great. If not, that’s okay too.
We look forward to helping you soon! Thanks for reading.