Most likely you’re here today because you’re looking for information on how the Seniorcare USA Final Expense Life Insurance Program works.
Perhaps you’ve seen a commercial on television extolling the benefits of Seniorcare USA’s Life Insurance products.
In today’s article, I’m going to describe:
- How the Seniorcare USA Life Insurance Program works,
- How the coverage actually formulates, and,
- Questions you need to ask before you decide to purchase a plan from Seniorcare USA.
Looking for a quote for life insurance or burial insurance? Click here and see what you may qualify for. If you’d prefer to talk live, call 888-626-0439 to speak with us directly.
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Seniorcare USA offers what’s called Whole Life Final Expense Burial Insurance Programs. In the TV commercial, they call it Final Expense Insurance.
First of all, they are Whole Life, which means that their coverage never cancels due to age or health.
If you’re looking for some kind of plan to take care of your final expenses, then you know that death doesn’t necessarily occur when you want it to.
There are many reasons people purchase whole life final expense plans.
For example, if you’re looking for coverage on:
- Your spouse
- A brother or sister,
- An adult child,
- Your parents, even if they’re 85 years old plus,
Then getting one of these plans to pay for final expenses simply makes a lot of sense.
This is unlike term insurance for seniors, which is designed to cancel at a future date of which you may outlive, meaning you won’t get the coverage from them.
So the good news with Seniorcare USA is they do offer the right kind of policies to take care of final expenses.
Thankfully, Seniorcare USA is not a final expense scam like many other companies are.
With these companies, rates may actually increase, becoming so unaffordable that you might have to drop the plan before he actually pass away.
With Whole Life Insurance Plans from Seniorcare USA, you can rest assured that you’re going to get coverage where the rates stay the same and the policy prices are as certain as the sunrise.
May qualify for first-day full coverage
Lastly, in some cases, not always, but depending on the particular situation of the client, you may be eligible for first-day full coverage.
This totally depends on your health and is subject to an underwriter’s decision. But the good news is that Seniorcare USA does offer this option.
There are many other companies like Colonial Penn and John Hancock that do not offer first-day full coverage with some of their products, making you wait two full years before you’re fully protected. This is called guaranteed issue life insurance.
NOTE: Make sure you do your due diligence and research the other burial insurance company reviews before you buy a policy.
There are several companies displayed on the Seniorcare USA products page. I’m going to go briefly over them and describe how they work:
- American Home Life Insurance. They do not require a medical exam and possibly may issue first-day full coverage.
- Americo Life Insurance. May qualify up to $30,000 in final expense protection.
- American General Life Insurance. This a graded death benefit for guaranteed acceptance insurance. If your health is not good enough to qualify for first-day full coverage, as long as you’re between the ages of 50 and 85, you may qualify for coverage through AIG.
- Liberty Banker’s Life. A great carrier that may cover issues such as: COPD and insulin use.
- Pioneer Life. A very simple and easy carrier to get a client qualified over the phone.
What’s the drawback to working with Seniorcare USA?
At this point, there is no guarantee that you will qualify for any of their programs.
However, the good news is Seniorcare USA offers a variety of companies.
This means to you is that you might get a better deal than if you used a one-company solution like if you called Colonial Penn.
However, just because there are different options doesn’t necessarily mean that:
- You’ll get the best price for coverage
- You’ll get the best value as far as underwriting goes.
Compared to other organizations like Buy Life Insurance for Burial, we have access to many more companies than what is presented on Seniorcare USA’s website.
While dependent on your health, it is feasible that AIG is the only option that you have to get coverage for Seniorcare USA.
There could be other situations where you can get better coverage at a better price but not through Seniorcare USA. Why? Simply because they do not offer the coverage per what is listed on their product page in this hypothetical situation.
It’s incredibly important when you shop for life insurance coverage, that you always search out a second opinion.
Sometimes coverage options offered aren’t necessarily the best.
So in the process of looking to see if Seniorcare USA is right for you, I would recommend that you give us a shot to help you compare and contrast your prices.
It’s simple to get a burial insurance quote from us!
Simply click the green button at the top of your phone, or if you’re on a desktop, look for the quote engine on the right side of your screen and fill out the form.
Or, just call us directly at 888-626-0439 and one of our friendly representatives will give you a no hassle quote in less than 10 minutes.
Disclaimer: We are not in any way affiliated with Seniorcare USA. In fact, we are a direct competitor of theirs. This article is our personal review and our personal opinions of the company. If you are looking to contact Seniorcare USA directly, call them at 1 (501) 760-0132.