What is final expense? Final Expense is life insurance targeted toward people between ages 50 to 85 that want to cover their final expenses, burial expenses, funeral cost, etc. The insurance carriers we are contracted with have created specific life insurance products for final expense. These products Whole Life products have a face amount typically $2,000 – $40,000, and they are Simplified Issue meaning the company does not send a Paramed examiner to conduct a full medical. You as the agent/field underwriter will ask the prospect the necessary health care questions, and then the insurance company conducts a Medical Information Bureau (MIB) report and Perscription check. In many cases, you will know if your client is approved or not while in the home.
The Final Expense training below is based on methods that have been proven to be successful by many six-figure producing agents. The key is to be coachable, learn the process, follow it, and repeat it consistently each week.