Offering Final Expense Insurance: A Comprehensive Guide for Agents

As the population ages, the demand for final expense insurance continues to grow. This specialized form of life insurance provides families with financial protection to cover end-of-life expenses, making it a valuable product for insurance agents to offer. In this guide, we'll explore the ins and outs of final expense insurance and how partnering with industry leaders like Everdays can elevate your insurance career.

Understanding Final Expense Insurance

Final expense insurance, also known as burial insurance or funeral insurance, is designed to cover the costs associated with end-of-life expenses. These policies typically offer smaller death benefits compared to traditional life insurance, making them more affordable and accessible to seniors.

Key Features of Final Expense Insurance

• Smaller face values (usually $5,000 to $25,000)
• Simplified underwriting process
• Fixed premiums that don't increase with age
• No medical exam required in most cases
• Quick approval process

The Growing Market for Final Expense Insurance

With an aging population and rising funeral costs, the demand for final expense insurance is on the rise. Agents who specialize in this product can tap into a significant market opportunity.

Market Statistics

• The U.S. senior population (65+) is projected to reach 95 million by 2060
• Average funeral costs range from $7,000 to $12,000
• Many seniors are unprepared for end-of-life expenses

Benefits of Offering Final Expense Insurance

For insurance agents, final expense policies present several advantages:

• Easier to sell due to simplified underwriting
• Shorter sales cycles
• Potential for higher commissions
• Opportunity to build long-term client relationships
• Fulfilling work helping families prepare for the future

Partnering with Everdays: Elevate Your Final Expense Insurance Offerings

To succeed in the final expense insurance market, partnering with a reputable company like Everdays can make all the difference. Everdays offers agents a comprehensive platform and support system to enhance their final expense insurance sales.

The Everdays Advantage for Agents

• Purpose-built coverage designed for today's families
• A policy with a plan, combining insurance with end-of-life planning tools
• 100% digital process for efficient sales and client management
• Competitive commissions and reduced administrative work

Partner with us!

First Name

Last Name

Email

Phone Number

LEARN MORE

Everdays gives you an innovative and comprehensive end-of-life planning and funding solution that will enable you to offer a truly modern, efficient, and personalized approach to the families you serve.

Everdays can help you maximize your business potential.

Best Practices for Selling Final Expense Insurance

To effectively offer final expense insurance, consider these best practices:

• Educate clients on the importance of end-of-life planning
• Highlight the peace of mind that comes with having coverage
• Emphasize the affordable premiums and simplified application process
• Use a consultative approach to understand each client's unique needs
• Leverage digital tools and resources provided by partners like Everdays

Conclusion: Embrace the Opportunity with Everdays

Offering final expense insurance presents a significant opportunity for insurance agents to grow their business while providing valuable services to families. By partnering with Everdays, agents gain access to innovative products, cutting-edge technology, and comprehensive support to succeed in this growing market. Take the first step towards expanding your end-of-life offerings and building a thriving insurance practice with Everdays.