Affordable Final Expense Life Insurance with No Waiting Period

Secure your loved ones with final expense life insurance with no waiting period. Get coverage quickly and easily with no medical exams and no hassle. Get the peace of mind you deserve.

Have you followed a popular notion that getting final expense life insurance with no waiting period is challenging? Well, here is some good news for you: many companies provide you with final expense life insurance with no waiting period and no medical exam. It means you no longer need to wait two years to get your coverage started.

Final life expense insurance depends on factors such as age, health, and location. Therefore, you need to look around to the providers in your town to get the best deals based on your needs and goals.

How Does Final Expense Life Insurance with No Waiting Period Work

Death is uncertain, as are the expenses for your burial or cremation that can burden your loved ones when you pass away. Having funeral insurance at your hand relieves you from all this hustle. It covers funeral costs and other expenses. Having final expense life insurance with no waiting period allows you to have the coverage the next day your policy is in action. You get all death benefits even if death occurs during the first two years.

Irrespective of the cause of death, life insurance with no waiting period provides your beneficiaries full death benefits. The good news is that you don’t need to be in good health condition to qualify for final expense insurance. Many insurers are providing suitable coverage plans for specific medical conditions.

With much searching for companies and suitable coverage plans, you can get immediate coverage despite past health issues. Many people qualify for this coverage that does not insure them only for accidental death.

How to Qualify for Final Expense Life Insurance with No Waiting Period

 

The essential criteria to qualify for life insurance coverage with no waiting period is to answer the medical questions asked by the insurer. You don’t need to go through a medical exam, but you have to find a company that takes no medical exam and ask questions related to your health to approve your request.

The following are some of the examples of questions your insurer may ask you at the time to apply.

Have you been tested for HIV or AIDS?
Are you bedridden, hospitalized, in a nursing home, or hospice care?
Do you have cardiac diseases, such as a heart attack or heart surgery?
Do you suffer from congestive heart failure?
Do you have circulatory system disease, such as a stroke?
Do you have cancer?
Have you ever abused alcohol or drugs?
Do you have Alzheimer’s or dementia?
Are you taking medicine, or has a doctor treated you for any of the above disorders in the last two years?

List of Companies Providing Final Expense Life Insurance with No Waiting Period

Final expense life insurance is a policy that helps pay for a loved one’s funeral, burial, and other related costs. The main advantage of last-expense life insurance is that it pays out a death benefit to your beneficiaries without requiring a lengthy underwriting process.
The following firms offer last-expense life insurance with no waiting period:

Mutual of Omaha:

Mutual of Omaha offers a selection of no-waiting-period ultimate expenditure life insurance policies. These plans cover funeral fees and other expenditures related to a person’s death.

AIG:

AIG offers no-wait ultimate expense life insurance products. Their plans give financial security for your loved ones and assistance with funeral and burial expenses.

Transamerica:

Transamerica offers no-wait ultimate expense life insurance products. Their plans provide financial security for your loved ones and assistance with funeral and burial expenses.

Foresters Financial:

Foresters Financial offers no-wait ultimate expense life insurance products. These plans cover funeral and burial costs and provide various features and advantages.

Prudential:

Prudential offers no-wait ultimate expense life insurance products. This insurance assists in covering the costs of a loved one’s funeral, burial, and other related expenses.

Lincoln Financial Group:

Lincoln Financial Group offers no-wait ultimate expense life insurance products. These policies provide financial security for your loved ones and to assist them in paying for funeral and burial expenses.

Colonial Penn:

Colonial Penn offers no-wait ultimate expense life insurance products. Their plans provide financial security for your loved ones and assistance with funeral and burial expenses.

How Does Contestability Work

The contestability clause in life insurance allows the insurance company to investigate your health conditions and death claims within the first two years of the coverage. In some policies, this period lasts for one year. If you die, your insurer will investigate your medical records before reimbursing. Their aim for this act is to ensure that the applicant was telling the truth about their health at the time of their application.

When applying, your medical records should prove that you had no declinable medical condition. Otherwise, your insurer will refuse to pay your claim. They will revoke your policy and refund your premiums. It is important to remember that the insurance company will not consider if you develop a health condition after applying. Still, you should be truthful about your health condition at the time of application because they are only concerned about that.

All life insurance companies include this clause. Therefore, you can only skip this provision while applying for final expense coverage. Sometimes the advertisement can be deceptive to mislead the audience, but you need to know that it is always there when you purchase a final expense policy.

Advantages of final expense life insurance with no waiting period

A final expense life insurance policy with no waiting period can get you several benefits, such as:

Prompt Coverage

Unlike other life insurance policies, the final expense with no waiting period allows you to get death benefits from the first day of your coverage, and you don’t need to wait for a year or two to claim coverage. With ‘first day coverage,’ your loved one can get immediate death benefits if you pass away. Therefore, they don’t need to stress about funeral costs for your burial as your insurer will get you covered.

No Medical Exam

The medical exam can be daunting for some people as they are scared of being poked or prodded. Sometimes, it can become a day-long activity with hectic activities. Contrary to that, however, final expense life insurance with no waiting period relieves all your worries as it does not require you to undergo a medical exam. If you have a pre-existing health condition, no medical exam can reduce yours significantly.

Easy to Acquire

Compared to traditional life insurance, a final expense with no waiting period can be easy to acquire. It does not require a medical exam, and you may not need to answer any health questions. With easy access, you can often get coverage without leaving your home.

Peace of Mind

Having life insurance gives you peace of mind and relieves you from stressing about your final expenses if something happens to you. Your loved ones are not burdened with additional costs when they get claims from your insurer. With no waiting period, you get access to the coverage immediately.