Guido D. Aloisi
Missouri Final Expense
Enter agent code A6525
What is final expense insurance?
The coverage is for protection when your family needs it most.
Decisions at the time of a loved one's death will be some of the most difficult a family will be forced to make. Final expense life insurance can make some of those difficult choices easier by making funds available when the family needs them most.
What expenses?
Funeral costs alone can be as much as $7,620 or even more, depending on where you live. There could be unexpected medical costs not covered by your health insurance plan, other unpaid bills, state and federal taxes, etc. Social Security only pays a death benefit of $255; that can leave a spouse, or children far short of the amount needed to cover these basic expenses.
How much do I need?
To arrive at the amount needed you should go through a planning tool that asks you all the questions needed to arrive at the actual cost of burial in your local area. We have one on our site for you to use.
It's called "Dignity Planning" if you click on it, it will take you to a video and through the questions for you to generate the cost. Now keep in mind when you go through this planner, you are not purchasing anything. You are simply making choices to tell you what the cost is. The other thing we do for you is make this plan yours, you will have your own password for it so that you can go in and review, change, or add things if you wish. You can also list who you want to be informed should you pass away, and it has all those difficult decisions recorded so your family isn't put through that difficult task. I can assist you with going through each step if you wish.
Where do the funds come from?
OK, now you went through the planning we offered you and you know the amount of protection you need, so the next step is to purchase the final expense policy to provide the funds to pay for these expenses. By the way it is a whole life contract, that means it will never expire and it will never go up in cost or down in death benefit.
We assist you in this process also; this is how it works.
No one bothers you at your home, the application is done online by you and me. The information is sent directly to one of the companies we are contracted with. They underwrite it, issue the policy; at that time you are covered.
Underwriting Requirements by Issue Age
| Issue Age | |||||
| Face Amount | 26-49 | 50-63 | 64-65 | 66-75 | 76-80 |
| $5,000 - $9,999 | N/A | N/A | B | B | C |
| $10,000 - $15,000 | A | B | B | B | D |
| $15,001 - $25,000 | A | C | C | D | N/A |
| $25,001 - $45,000 | A | C | C | N/A | N/A |
| $45,001 - $75,000 | A | N/A | N/A | N/A | N/A |