Final Expenses

PRODUCT OVERVIEW

Final Expenses Insurance is a type of life insurance policy that provides a lump sum payment to the policyholder’s beneficiaries upon the policyholder’s death. Final Expenses Insurance can help cover the costs of funeral expenses, medical bills, and other expenses. It can also help provide financial security for the policyholder’s family and help ensure that the policyholder’s final wishes are honored.

Why do agents offer Final Expenses?

It is important to consider whether Final Expenses Insurance is suitable for both your clients and your business. Ask yourself:

  • Are these plans beneficial for the people in your community and the areas you serve?
  • Do you offer similar or competitive products?

There are numerous persuasive arguments for offering final expenses, including:

Agents offer final expense insurance to their clients because:

  1. It can provide a lump-sum payment to the policyholder’s beneficiaries upon the policyholder’s death.
  2. Final Expenses insurance can help cover the costs of funeral expenses, medical bills, and other expenses. It can also help provide financial security for the policyholder’s family and help ensure that the policyholder’s final wishes are honored.
  3. Final Expenses Insurance can help provide peace of mind, knowing that the policyholder’s family will be taken care of in the event of their death.

How do I get started selling Final Expenses?

To get started selling Final Expenses insurance, you will need to become licensed to sell insurance in your state. You will also need to research the different types of Final Expenses insurance plans available and understand the regulations and requirements for selling Final Expenses insurance plans. Additionally, you will need to develop a marketing strategy to reach potential clients and build relationships with insurance carriers.

 

If you choose to offer final expense plans, it is advisable to consult with someone from the Medicare Professional Advisors team of experts. They can provide answers to your questions and have tools available to support your new product offering. Additionally, you should investigate the various plans available, comprehend the advantages and features of each plan, and learn how to promote and sell the plans to potential customers.

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