Cover Your Life
Coverage up to $50K
Funeral & burial coverage.
Pays a death benefit to your beneficiary(s) or funeral home when you pass away, typically within a few days, which covers the costs of funeral/burial expenses. From $2K-$50K. Is considered a whole life policy, not term, and it builds a cash value which can be borrowed from the face value. Issue ages 45-85. No medical exam. Rates get higher with age. Some plans have a waiting period before benefit pays out.
Americo‘s product is Eagle series and Mutual of Omaha‘s is Living Promise.
Rate depends on age and health factors.
Expenses: Prepare an exit.