paul43
Expert
Will someone explain to me the difference between Final Expense Insurance &
Life Insurance.
Life Insurance.
FINAL EXPENSE Vs LIFE INSURANCE
- Thread starter paul43
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- life insurance
- 5,243
Marketing. .
- 5,319
It's the same difference between Death Insurance and Life Insurance.
Same as Mortgage Protection and Life Insurance.
Same thing with a fancier name.
Same thing with a fancier name.
- 26,857
Same as a Tack hammer and a Rigging Ax. Both are hammers. You can use either one to do the job. but one is better for the job than the other.
- 17,222
Life insurance includes all policies that pay a benefit based upon the insureds death. It includes term life insurance, Whole-life (final expense is a specific version of whole-life), accidental death insurance, etc.
Final Expense is a niche created within the category of life insurance and is generally considered to be small whole-life policies usually between the amounts of $2,000-$25,000 and usually have relaxed underwriting due to they have table rates built into them. They are designed for rapid decisions, small premiums and small coverage amounts.
Any life insurance can be used to pay your final expenses (funeral, cemetery and other end of life expenses) but policies that are marketed as FE policies are all small simplified issue whole-life policies.
If you are thinking about getting into FE sales, here is some more reading material for you Getting Started with FE Sales
Branding and marketing.
- 26,857
That /\
Probably created by the say people that invented the "need" to buy "smart water" in bottles or $5.00 cups of coffee from coffee specialist called baristas.
That /
Probably created by the say people that invented the "need" to buy "smart water" in bottles or $5.00 cups of coffee from coffee specialist called baristas.
I agree on the coffee analogy and it works!! I love my starbucks and seattles best coffee.
- 26,857
Yup. Me too. Large Americano with an extra shot or two and steamed cream.
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