Final Expense Insurance - FAQs

🔹 Final expense insurance is a permanent life insurance policy designed to cover end-of-life expenses such as funeral costs, medical bills, and unpaid debts.
✔ Policies typically offer coverage ranging from $5,000 to $25,000.
✔ Premiums remain fixed for life, and policies accumulate cash value over time.
👉 Doyle Assurance Group helps you plan ahead, ensuring your loved ones aren’t burdened with unexpected costs.

🔹 Final expense insurance is specifically designed to cover immediate post-life expenses, while traditional life insurance offers higher coverage amounts for broader financial needs.
✔ Final Expense Insurance: Smaller death benefit, simplified approval, no medical exam required.
✔ Traditional Life Insurance: Larger death benefit, designed for income replacement and long-term financial security.
👉 Mark Doyle can help you decide whether a final expense or traditional policy best fits your financial situation.

🔹 This policy is ideal for individuals who want to cover funeral and burial expenses without leaving financial stress on their loved ones.
✔ Best for seniors, individuals with health concerns, or those who don’t need a large life insurance policy.
✔ Ensures your family won’t struggle with out-of-pocket costs when handling final arrangements.
👉 Doyle Assurance Group can help you explore the best coverage options based on your situation.

🔹 Unlike traditional policies, final expense insurance has fewer restrictions, making it accessible for more people.
✔ No medical exam required – policies typically ask a few health questions instead.
✔ Guaranteed issue options available for those with pre-existing conditions.
👉 Mark Doyle will help you find the right policy, even if you have health concerns.

🔹 The right coverage amount depends on funeral costs, medical bills, and outstanding debts.
✔ The average funeral costs $7,000 – $12,000, so most policies fall within this range.
✔ Consider additional expenses like outstanding credit card balances or unpaid medical bills.
👉 Doyle Assurance Group will assess your needs and recommend the best coverage.

🔹 Many final expense policies allow customization with riders for additional protection.
✔ Accidental Death Benefit Rider – Provides extra payout for accidental deaths.
✔ Accelerated Death Benefit Rider – Allows access to part of the death benefit if diagnosed with a terminal illness.
👉 Mark Doyle can guide you in selecting the right riders to maximize your benefits.

🔹 Yes! Your beneficiaries can use the funds however they see fit.
✔ Can be used for medical bills, outstanding debts, or living expenses.
✔ Unlike some policies, final expense insurance provides flexibility in how funds are allocated.
👉 Doyle Assurance Group ensures you get the right policy with no restrictions.

🔹 In most cases, the death benefit from a final expense policy is not taxable.
✔ Your beneficiaries receive the full payout without tax deductions.
✔ Tax laws can vary, so it’s best to consult a professional for specific guidance.
👉 Mark Doyle can connect you with tax experts if needed.

🔹 If you stop making payments, your options may include:
✔ Using accumulated cash value to cover premiums temporarily.
✔ Switching to a reduced paid-up policy with a lower death benefit but no future payments.
👉 Doyle Assurance Group can help you explore ways to keep your policy active.

🔹 Getting coverage is quick and simple, especially with Doyle Assurance Group.
✔ No medical exam required – just answer a few health questions.
✔ Compare policies from 50+ A+ rated carriers to find the best fit.
👉 Contact Mark Doyle today to secure the right policy for your needs.