Final Expense Insurance options abound, but not all of them are right for you. In fact, there may be some for which you cannot even qualify. The qualification process varies by insurer. Each insurer has a specific set of policy options, available benefits, and applicant requirements. 

That is why it is so important to compare insurers and individual policies before selecting a specific policy. The information below can help you figure out how to meet the necessary requirements and get the policy you need.

The first hurdle when qualifying for life insurance is usually passing a medical examination. In the case of final expense insurance, such an examination is not usually required. However, you may still have medical roadblocks, depending on the type of policy you choose. The two types are simplified issue and guaranteed issue policies.

If you apply for a simplified issue policy, you do not need to pass a medical exam. However, you do need to answer a medical questionnaire. You must provide truthful answers, and you can face disqualification if you have certain medical conditions. A guaranteed issue policy has no such restrictions. You can qualify for it without answering any medical questions, but you may still need to meet certain basic eligibility requirements. The lack of need for a physical exam can help you pay for final expenses, even if your health is not the best. 

There are exceptions to every rule. Terminal illness is one such exception. If you are terminally ill, you may find yourself unable to qualify for either simplified or guaranteed issue insurance coverage. Also you may have some extra trouble qualifying for coverage if you smoke. Some companies may allow you to qualify, but you are likely to pay much higher premiums than a non-smoker.

Most final expense policies are designed for older applicants. The standard age range for qualification is 50 to 85 years of age. However, you can still explore end-of-life coverage options if you are under 50 years of age. Some companies do supply policies to younger applicants.

Now that you understand how final expense insurance works, you can purchase a policy with confidence. However, you have to compare companies, types, and rates, first. Every insurer has different policies. To get started, you can take advantage of any of the following options:

• Speak to specific insurers in person or by phone.
• Compare companies and policies yourself online.
• Contact an insurance broker who can help you review various companies and policies.

Prior to signing a contract to purchase a policy from any company, make sure all of your questions about the company and the policy are answered. You need to have a clear understanding of the benefits and coverage types the policy offers. It is also important to know how claim filing works. That way your loved ones can easily collect your final expense benefits when the time comes.