If you are already an EMC Life insurance customer, you should contact your local office and inquire about a final expense policy. In some cases, your family may not receive all of the promised payout if you don’t meet the policy requirements. While premiums don’t change, payout options differ, so be sure to ask your insurance agent whether or not your death benefits are staggered. Once you have accepted a premium and signed on the dotted line, your premium will not change for the life of the policy. Your premium payments will be determined by a number of factors including pre-existing health issues, your age, your location, etc. The majority of final expense and burial insurance policies guarantee their premiums, meaning that your monthly (or annual) fees will never increase as long as you pay them on time. You can also call or visit the company if you prefer to speak to someone face to face. Alternatively, many websites allow you to chat with a live insurance agent. You’ll also need to provide the company with some personal as well as billing information in order to sign up immediately. You’ll probably need to answer a medical questionnaire to determine which level of coverage you can obtain. If you’re looking for an easy way to apply for burial insurance, look no further than the website of your preferred insurance company. Burial expense payouts may be used for any purchase, bill, debt, or loan, with no restrictions. Many beneficiaries opt to use all or part of the death benefit to cover burial expenses, but they are not required to do so. If you are the policy holder of a burial or final expense plan, your beneficiary will have some options regarding the policy’s death benefit after you pass away. Do I have to use burial insurance benefits on funeral expenses? The policy features coverage amounts from $2,000 to $150,000. It requires no medical exam, it is open to those aged 18 to 85, and it offers an immediate underwriting decision by the end of the initial phone call interview. The firm’s Point-of-Sale Guaranteed Increasing Whole Life policy is best suited to burial insurance purposes. Most of EMC’s policies feature a lower minimum age than is standard for whole life policies. Several of these policies may be used as burial or final expense insurance. It has been in business since 2003, when it was formed from the merger of Employers Modern Life Company and National Travelers Life Company.ĮMC offers a range of whole life insurance policies with guaranteed premiums and death benefits.
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