At Securico Life Insurance Company, we understand how important it is to plan for end-of-life expenses, and we strive to make the process of obtaining Final Expense Whole Life Insurance as simple and stress-free as possible. Below is a detailed, step-by-step guide to help you understand how our application process works, including eligibility requirements, underwriting procedures, and claims processing. Let us walk you through each stage of this straightforward approach, so you can rest easy knowing your family will be financially protected when the time comes.

Why Final Expense Whole Life Insurance?

Final Expense Whole Life Insurance is specifically designed to cover the costs associated with end-of-life expenses. The primary goal of this insurance is to ensure that your family is not burdened with financial strain during an already difficult time. Two of the primary benefits include:

• Funeral Expenses: Final Expense Whole Life Insurance covers funeral and burial expenses such as funeral home services, caskets, urns, gravesites, and more. These costs can quickly add up, and having insurance can ease the burden on your loved ones.
• Medical Bills: Along with funeral expenses, this insurance can help cover any outstanding medical bills and other end-of-life expenses. With the increasing cost of healthcare, final expenses often extend beyond funeral costs, and this insurance can provide the relief your family needs.

Whether you want to ensure that your loved ones have a seamless transition or you wish to ease financial burdens associated with end-of-life planning, this type of coverage can provide the peace of mind you deserve.

The Application Process

Our simplified process ensures that applying for Final Expense Whole Life Insurance is as smooth as possible. Here’s a breakdown of each step:

1. Initial Contact

To begin, contact Securico Life Insurance Company by phone or through our website. Let us know you are interested in obtaining Final Expense Whole Life Insurance, and we will quickly get the process started. Our dedicated team is available to answer any questions and explain the steps before moving forward.

2. Scheduling a Consultation

Once you’ve expressed interest, one of our licensed advocates will reach out to you to schedule a phone consultation or, if you prefer, an in-person meeting. We understand that everyone’s schedule is different, so we offer flexibility to accommodate your availability. During this meeting, our advocate will take the time to discuss your specific needs and help you choose the most suitable policy option.

3. Choosing Your Policy

Securico Life offers several policy options, and our advocates are trained to help you select the one that best suits your needs. Some of our policy types include:

• Preferred Issue: This is designed for individuals in excellent health who wish to maximize their coverage.
• Graded Issue: This policy offers partial benefits for a specific period and is designed for those with certain health conditions.
• Modified Issue: Coverage under this option typically includes limited benefits during the initial years of the policy.
• Guaranteed Issue: This policy provides coverage regardless of health, with only a few basic medical questions asked, making it ideal for those with more serious health concerns.

No matter which policy you choose, our advocates will provide clear explanations of coverage limits, premium costs, and any applicable conditions, so you feel confident in your decision.

4. The Application

Our application process is streamlined and straightforward, designed to minimize hassle and get you the coverage you need as quickly as possible. During your phone consultation or in-person meeting, your advocate will assist you with completing the online application. We use a warm and personalized approach, ensuring that all your questions are answered as you work through the form.

The application will ask a few basic health-related questions, including your medical history and any prescription medications you are currently taking. This is to help us verify your information and provide you with the most accurate coverage options.

5. Health and Prescription Verification

During the application process, we will verify your health and prescription history. This step ensures that we have a comprehensive understanding of your current health status, which allows us to offer the most appropriate and tailored insurance coverage. This verification process is quick and straightforward—often completed in a matter of seconds.

6. Receiving an Instant Offer

Thanks to our streamlined system, you will receive an instant offer as soon as your health and prescription information has been verified. This means that you’ll get immediate feedback on your eligibility and policy options, so you can make informed decisions right away.

7. Policy Issuance

Upon accepting the offer, and making your first premium payment,  your policy will be officially issued. You will receive all the necessary documentation, including a copy of your policy details, terms and conditions, and information on how to access your benefits when the time comes. At this point, you are fully covered by your chosen Final Expense Whole Life Insurance plan.

Our advocates will guide you through every detail of the policy to ensure that you understand all aspects of your coverage, including what is and is not covered, premium payments, and the claims process. This clarity is important to ensure there are no surprises down the road.

8. Ongoing Support

After your policy is issued, our relationship with you doesn’t end. Securico Life Insurance Company is always here to support you with any questions or changes you may need to make to your policy. Whether you have new health developments, want to adjust your coverage, or have other concerns, we are here to help.

The Claims Process

Once the policyholder passes away, filing a claim with Securico Life is a straightforward process. The beneficiary will simply need to contact us via phone or online. We will guide them through the necessary documentation required, including a death certificate and other basic forms.

Our goal is to process claims quickly and efficiently, so your loved ones can access the benefits as soon as possible. With funeral and burial expenses often required to be paid upfront, we prioritize quick payments to ensure that your family’s financial needs are met during this sensitive time.

Eligibility Requirements and Underwriting Procedures

While Final Expense Whole Life Insurance is generally easier to obtain than other types of life insurance, there are still basic eligibility requirements and underwriting procedures. Your eligibility will depend on several factors, including:

• Age: Applicants typically need to be within a specific age range, such as 50 to  80 years old.
• Health Status: Depending on the policy type, your health condition may impact your premium or coverage options.
• Verification: We will verify your medical and prescription history to determine your eligibility and finalize your offer.

These underwriting procedures ensure that we provide coverage that meets your needs while remaining financially sustainable for both parties.

Conclusion

Securico Life Insurance Company is committed to making the process of obtaining Final Expense Whole Life Insurance as simple and stress-free as possible. By offering clear, step-by-step guidance, a friendly and professional team of advocates, and an efficient application process, we help you secure the coverage you need with ease. Whether you’re planning for the future or looking to protect your family from financial burdens, Final Expense Whole Life Insurance is a valuable investment that brings peace of mind to you and your loved ones. Reach out to Securico Life today to begin the process and protect your family’s future.