Best Final Expense Plans
Looking for the best final expense plans to offer clients? A large number of carriers offer final expense plans.
Mutual of Omaha, Great Western, Americo, Transamerica and United Home Life are some of the better options. Following are highlights of each company’s plan.
MUTUAL OF OMAHA
Mutual of Omaha does not require a point of sale phone interview. They offer both Level pay and graded benefit plans. Level plans are available to use for clients ages 45-80. Graded plans are also available for clients ages 45-80. Face amounts for level plans are $2,000-$40,000. Face amounts for graded plans range from $2,000 to $20,000. Not only do plans pay 115% commission with advancing but, Electronic applications are available as well.
Great Western offers a completely guaranteed issue. They offer these plans for clients ages 40 to 80. Guaranteed issue plans pay a 60% commission. Inmediate benefit plans pay a 100% commission. Death benefits range from $1,000 to $40,000.
Transamerican plans offer immediate full death benefits for several health conditions. These plans are available for clients ages 0 to 85. Commission is paid at 115%. They offer both simplified issue underwriting and jet issue. Death benefits range from $1,000 to $50,000.
-In addition, transamerica offers immediate full death benefits for several major health conditions with this plan
Americo does not require a point of sale interview. They have a friendly diabetes policy. They offer a unique smoker qualification. Both pipe and cigar smokers qualify as non-smokers. The Plans are available for clients ages 50 to 85. Death benefits range from $2,000 to $30,000. Agents receive Commission pay directly with 9 month advance.
UNITED HOME LIFE
United Home Life offers first day coverage. Neither medical exams nor bodily fluids tests are required. In fact, A simple yes or no application is used. Not only do plans offer guaranteed level premiums, but death benefits are offered up to $100,000.