Life Insurance FAQ

Final expense insurance is a type of whole life policy generally designed to help cover end-of-life costs such as funeral and burial expenses. Coverage amounts and eligibility vary by carrier and state.

Term life provides coverage for a specific period (e.g., 10, 20, or 30 years). Whole life is a type of permanent insurance designed to last the insured's lifetime and typically includes a cash value component.

It depends on the policy and carrier. Some policies use simplified or guaranteed issue underwriting and do not require an exam. Others may require a medical exam.

Coverage needs depend on factors such as income, debts, dependents, final expenses, and existing coverage. A licensed advisor can help discuss general guidelines.

Common factors include age, gender, health history, tobacco use, family medical history, occupation, hobbies, the type of policy, and the face amount selected.

No. Quotes are estimates. Actual premiums and approval are determined by the insurance carrier through underwriting.

Yes. Insurance carriers may decline applications based on health, age, or other underwriting factors. Some products are designed for applicants with health concerns.

Yes. Speaking with a licensed advisor through Legacy Shield Coverage is free and carries no obligation.

It depends on the policy. Many term and whole life policies are designed with level premiums for the policy term or life of the policy, subject to the policy contract.

Most policies have a grace period (often around 30 days). If the premium is not paid by the end of the grace period, the policy may lapse. Specific terms are described in the policy contract.