Your wishes. Your way.
A Final Expense Whole Life insurance policy can help your loved ones carry out your final wishes. Families could have to make several important decisions soon after the death of a loved one. Along with those decisions, expenses from burial planning, debt balances, and out-of-pocket health care bills can quickly add up.
Planning for tomorrow, today
A funeral can be one of the largest family expenses. On average a funeral can cost $7,640 or more, not including the cemetery plot, tombstone, and other related fees. Cremation is a somewhat less expensive option, as data shows that the cost is now about 30% less than the traditional funeral. Social Security benefits pay only $255 to qualified dependents and the Veteran’s Administration benefit offers only $300. The majority of U.S. health care costs rise in the final phase of life, and living with fatal chronic illnesses have the highest costs associated with the treatments.
No one likes to think about this now
Early planning can give you peace of mind knowing that you have taken care of your final expenses, so your loved ones don’t have to. This is why final expense insurance was created. A Final Expense whole life insurance plan can help minimize the emotional and financial burden a loss could have on your family. It can help fund your final wishes by providing a cash payment made directly to your beneficiaries. There is no medical exam required for this product and premiums will not increase as long as premiums are paid.
Final Expense Insurance Can Help
Final Expense whole life insurance underwritten by Continental Life Insurance Company of Brentwood, Tennessee, an Aetna Company, can help add certainty to the planning of your final wishes.
- Peace of mind that your family will be better prepared
- No medical exams – the issuance of the policy and plan type will depend upon your answers to the health questions in the application
- Find out today if you are pre-approved
- Renewable for life regardless of changes in health
- Premium rates that never increase
- Coverage and benefits that never decrease
- Guaranteed non-cancelable – as long as the premiums are paid on time
- 30-day free look period with a right to cancel and 100% refund
Policy Riders
Accidental Death Benefits Rider
This rider pays 100% of the base policy’s face amount for accidental death for issue ages 45 through 70.
Children’s Term Insurance Rider
This rider provides coverage for a child, stepchild, legally adopted child, grandchild, legally adopted grandchild, or great grandchild.
This benefit is available from $2,500 up to a maximum of $10,000 per child, in $2,500 increments. Coverage amount selected will be the same for all covered children and may not exceed the face amount of the base policy.
Issue ages begin at older than 30 days through less than 18 years old. Policy becomes convertible to a whole life policy between the ages of 22 to 25 after two years in force.
Cash Value
Non-forfeiture options enable full or partial benefits or a partial refund of premiums after a lapse in coverage due to non-payment of premiums. These options allow you to decrease your risk if your policy lapses due to non-payment at the end of your grace period.
Reduced paid-up insurance
This option allows your beneficiary to receive a death benefit reduced to the amount of life insurance that can be purchased for the accrued cash value in the policy, if any.
Extended term insurance
This option provides level term insurance for the full death benefit amount, but for a shorter period of time.
Automatic premium loan
This option may help pay future premiums. It takes the cash value accrued and applies it toward the premium. If there is insufficient cash value to advance the premium as a policy loan, no automatic premium loan will be made. Any remaining value will be applied under the above non-forfeiture options.
You may elect the non-forfeiture option at the time of application and at any time in writing during your lifetime. The option is triggered when your premium remains unpaid at the end of the grace period and you have sufficient cash value.
The more cash value you have in your policy at the time the non-forfeiture option is triggered, the more the paid-up benefit or the longer term insurance period you will have.
Build cash value automatically
Over time, you can build up a sum of money that may be available to you if you need it. You can borrow your cash value with policy loans exceeding $1,000 for any reason. Annual interest rate and fees apply.
About Continental Life Insurance Company of Brentwood, Tennessee (An Aetna Company)
Aetna is one of the nation’s leading diversified health care benefits companies, serving consumers with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans.
Their customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. Aetna is a member of the CVS Health family of companies.
