Final expense insurance is a type of whole life insurance designed to cover funeral costs and other end-of-life expenses. Key features include:
Final expense leads are valuable for several reasons, particularly in the insurance industry. Here’s why they are worth considering:
Final expense insurance typically appeals to seniors who want to cover burial costs, medical bills, or outstanding debts. Leads for this market are specific, allowing you to focus on a defined audience that is likely to convert.
As people age, the need for final expense insurance remains steady. This creates a reliable, ongoing demand, making leads in this space valuable for long-term business.
Final expense policies are usually low-premium, whole life insurance plans, making them more attractive and easier to sell to individuals on a fixed income or those looking for affordable coverage.
Final expense insurance provides peace of mind, offering an emotional appeal that resonates with customers wanting to protect their loved ones from financial burdens after their death.
Final expense policies typically have simplified underwriting with few medical questions, making them easier and quicker to close compared to traditional life insurance.
Once a relationship is established, agents can offer additional products, like Medicare supplements, annuities, or even other types of life insurance, to clients seeking financial planning solutions.