How it Works - Application Process
Simplifying Final Expense
Whole Life Insurance
At Securico Life Insurance Company, we strive to make obtaining Final Expense Whole Life insurance as simple as possible. Here’s a step-by-step guide to our insurance application process, as well as an overview of eligibility requirements and underwriting procedures:
Step-by-Step Application Process
We Listen
& We Care
We Match Coverage to Policyholder
We Keep You Covered
Posterity is our priority
Comprehensive Guide to the Securico Life Eligibility Requirements
- Contact Securico Life Insurance Company via phone or through our website to express your interest in obtaining a Final Expense Whole Life insurance policy.
- One of our licensed advocates will reach out to you to schedule a phone call or an in-person meeting at your convenience.
- During the consultation, our advocate will discuss your specific needs and help you choose the best policy option—Preferred, Graded, Modified, or Guaranteed Issue.
- We take a warm and friendly approach, ensuring we fully understand your needs and explain our products in detail.
- Our advocate will assist you in completing the online application during the phone call or meeting.
- The application process includes a few health questions and verifying your medical and prescription history. This step is designed to ensure that we can provide you with the most accurate and tailored coverage options.
- Once your medical and prescription history is verified, you will receive an instant offer. Our streamlined process allows us to provide immediate feedback on your eligibility and policy options.
- Upon acceptance of the offer, you will receive all necessary documentation, and your policy will be issued once the initial premium payment is received.
- You will be guided through the details of your policy, ensuring you understand all aspects of your coverage and benefits.
- After your policy is issued, Securico Life Insurance Company remains available to support you with any questions or changes you may need.
Eligibility Requirements and Underwriting Procedures
- Our Final Expense Whole Life insurance policies are available to individuals typically between the ages of 50 and 80.
- Depending on the policy type (Preferred, Graded, Modified, or Guaranteed Issue), there may be different health and age criteria.
These policies require a review of medical and prescription history to determine eligibility. Applicants regardless of health issues may qualify for these policies, which include living benefits.
Coverage Benefits:
Funeral Expenses: One of the primary benefits of Final Expense Whole Life insurance is coverage for funeral and burial expenses. These costs can include funeral home services, caskets, urns, gravesites, and more.
Medical Bills: In addition to funeral expenses, Final Expense Whole Life insurance can help cover outstanding medical bills and other end-of-life expenses, relieving your loved ones of financial burdens during a difficult time.
Frequently Asked Questions (FAQs):
Q: What is Final Expense Whole Life insurance?
A: Final Expense Whole Life insurance is a type of permanent life insurance designed to cover end-of-life expenses, including funeral costs, medical bills, and other financial obligations.
Q: Who is eligible for Final Expense Whole Life insurance?
A: Final Expense Whole Life insurance typically has more lenient underwriting requirements compared to traditional life insurance policies, making it accessible to individuals who may have difficulty qualifying for other types of coverage due to age or health issues.
Q: How much coverage do I need?
A: The amount of coverage you need depends on various factors, including your age, health status, and anticipated final expenses. Our knowledgeable agents can help you determine the appropriate coverage amount based on your individual needs and financial circumstances.
Q: Are premiums fixed or subject to change?
A: With Final Expense Whole Life insurance, premiums are typically fixed for the life of the policy, providing predictability and stability in your financial planning.
Q: Can I customize my policy to fit my needs?
A: Yes, we offer flexible policy options that allow you to customize your coverage based on your specific needs and budget. Whether you're looking for a basic plan to cover essential expenses or comprehensive coverage for additional peace of mind, we have options to suit your preferences.
At Securico Life Insurance Company, we understand the importance of planning for the future and protecting your loved ones. Contact us today to learn more about our Final Expense Whole Life insurance options and take the first step toward securing your family's financial future.