FAQ's (Frequently asked questions)

No one wants to think about final expenses.  Confronting our expiration date is very sobering, yet we all have to do so at some point.  The question is, will it be a long time coming, or will it be a surprise ending?  Regardless, when it happens, someone will have to deal with the aftermath.  What impact will that have on them? 

The severity of that impact largely depends on you.  Will you treat your, or your family member’s, demise as the surprise ending, or will you plan for it, reducing its impact on your significant others?

Did you know that 50% of Americans do not have life insurance due to perceived cost and 26% have  a group policy through work which will end once their employment ends?  (https://www.cnbc.com/select/half-of-americans-dont-have-any-life-insurance/ from CNBC dated 7/7/2025 accessed on 5/28/2026).  As stated by the famous Beatle John Lennon, "Life happens when you are making other plans."  Don't be caught by surprise.  Protect your families and their future.  Below are some frequently asked questions.  Click on  each plus sign to reveal answers.

Why do I need Life Insurance?

Life Insurance provides your loved ones with the financial means to continue after you have passed away.  It  also provides for your burial or cremation.  Life Insurance also allows you to leave a legacy for your family.  Would you prefer they remember that you eased their burden by having had your affairs in order, or that they wished you had?

Depending on the type you have, it can be used to:

  • Replace lost income
  • Pay off debts and mortgages
  • Cover funeral expenses
  • Fund children's education
  • Provide financial security for loved ones
  • Assist with estate planning

Who needs Life Insurance?

Life Insurance is commonly recommended for:

  • Parents with dependent children
  • Parents with children in college
  • Married couples
  • Homeowners with mortgages
  • Business owners
  • Anyone whose death would create a financial burden for others
  • Any individual wanting to have something that will be there for their lifetime or for creating a retirement supplement.

I have enough in my savings and investments to manage my expenses, why would I need Life Insurance?

Congratulations! While that may be true, you will still need to consider the following:

Your estate, savings and investments are subject to probate, so whoever is handling this your final expenses will probably have to pay for this outright when they meet with the Funeral Home. 

Most funeral directors want to have the money be paid upfront, before starting anything, or at the very least, they need to know where and when their money payment will be there available.

Many people will end up putting this on a credit card or paying it out of their own pockets with reimbursement happening down the road once all debts are paid.  This can take anywhere from a year up to multiple years depending on the complexity of the estate and each state's probate rules. 

How would this affect your loved ones?

Life Insurance avoids the probate process and would be available to help your family with the final expense costs as well as any other costs they would have to incur through the probate process.  (court fees, attorney fees etc.)

What is the best LIfe Insurance?

The best choice depends on your individual goals and situation.  Here is a brief run down:

  • Term Life: Affordable income protection
  • Whole Life: Lifetime coverage and guarantees
  • IUL (Indexed Universal Life): Lifetime coverage with cash-value growth potential
  • Simplified Issue: Faster approval
  • Graded Issue: Coverage for people with health issues
  • Guaranteed Issue: Coverage when other options are unavailable

How are Insurance Premiums determined?

The following are factors that insurance companies take into consideration when determining acceptance as well as premiums.  It is not an all inclusive list as some companies also use various reports and actuarial tables

  • Age
  • Health
  • Gender
  • Tobacco use
  • Coverage amount
  • Policy type
  • Occupation and hobbies

Is LIfe Insurane more expensive as I get older?

Generally, yes. Premiums usually increase with age and declining health.

Can I get LIfe Insurance with health problems?

Yes. Options may include:

  • Simplified Issue policies
  • Graded Benefit policies
  • Guaranteed Issue policies
  • Specialized high-risk underwriting programs

How long does approval take?

It can be Instantaneous or a take a few days for some no-exam policies.  It takes longer if you have to complete a medical exam. Several weeks for fully underwritten policies.

Do I need a medical exam?

Not always. Some policies require one, while Simplified Issue and Guaranteed Issue policies generally do not.

Do I need a Hospital Indemnity Plan?

A Hospital Indemnity Plan is not a Major Medical plan. 

It is a supplemental insurance policy that will pay you a specific amount of cash per day if you are confined to a hospital due to an illness or injury based on what is specified in your policy. 

It also pays you directly versus the doctors or hospital so you can use the money for what you need it for.  Examples could include living expenses, lost wages, or what ever you may need it for. 

Do you offer Estate and Financial Planning?

Yes.

We have a team of experts that specialize in this area.  They not only help you plan and implement, but will review with you to ensure your needs and goals are being met.  

We can help you meet with our team of experts to answer any questions you may have. 

Can you help me manage my debt?

We are working with a team that specializes in debt management.  This is a process to help you reduce your current debt so that your hard earned money stays in your pocket.  This program is not yet available in all states, but if it is in your state, we can help schedule a meeting with our experts in ths area.  

Do you have products for Medicare Advantage and Medigap?

Yes.

We do have products for Medicare Advantage Plans and Medicare Supplemental Plans (Medigap).  We have a team of experts that will guide you through any questions you may have regarding these and will be happy to arrangea consulta tion with one of our team members.

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