Menu
Get affordable burial insurance with Expense Mutual.
Fill out the form below or call us at 888-280-2825 and get a quote today!
Term life insurance is also known as temporary life insurance. It is a type of life insurance that pays out a stated death benefit if the policyholder dies during a specified period. Term life insurance lasts for a specific term, such as ten years, 15 years, or 30 years. If the term expires, the policyholder can renew it for another term, terminate the policy, or convert it to permanent coverage.
After you purchase a term life insurance policy, the insurance company will fix the premium based on the payout amount and your age, gender, and health. The insurance company may also require a medical exam and details about your driving record, smoking status, occupation, hobbies, and family history.
If the policyholder dies during the policy term, the insurer will pay out a death benefit to the beneficiaries listed on the policy. However, if the policy expires before the policyholder’s death, then there will be no payout. It is possible to renew term life policies after they expire, but the insurer will recalculate the premiums based on the age at the time of the renewal.
Final expense insurance, sometimes referred to as burial insurance, is a type of permanent life insurance coverage designed to cover end-of-life expenses such as funeral arrangements, medical bills, or other expenses incurred by the policyholder. This coverage ensures the beneficiaries are not burdened with the policyholder’s final expenses.
Since final expense insurance is designed to cover end-of-life expenses, it is more suitable for older people and those with health conditions. However, term life insurance is suitable for younger individuals as it is cheaper if you purchase one at a younger age. It can also be ideal for people with young children to ensure they can get financial help in case of the policyholder’s passing.
Final expense plans also do not require a medical exam, making them easier to be approved for than term life. And since these plans are permanent, they will not end after a certain period of time has passed. However, since these plans offer near-certain approval to those who apply, this makes the insured risk higher for the insurance company and the death benefit lower.
Expense Mutual is here to help you find a policy that works for you and your loved ones. If you’re interested in learning more about your term life or final expense options, reach out to us today!
Expense Mutual is a licensed Independent Insurance Agency licensed to sell insurance in Georgia. Expense Mutual does not underwrite any insurance that appears on our website. Please note that Insurance cannot be bound, canceled or installed on the website. While Expense Mutual has done everything to ensure that all rates are accurate in the event, we made an error regarding pricing, the carrier’s rates will always supersede whatever rate appears on our website. All plans with no waiting period require an applicant to be medically approved by the insuring company and are subject to the incontestability period. All guaranteed acceptance plans that have no health questions will be subject to the insurer’s defined waiting period before benefits become payable under the policy provisions. Whole Life Final Expense Insurance available through JN Solutions LLC dba Expense Mutual may be underwritten by any of the following insurance companies, Americo, Foresters, Gerber Life, Met Life or Mutual of Omaha. Under no circumstances will Expense Mutual share or sell your information with a third party without your consent. No part of this website may be copied, published, faxed, mailed or distributed in any manner without the prior written consent from the website owner. Representation Any views or opinions represented on the Website are personal and belong solely to the Operator and do not represent those of people, institutions or organizations that the Operator may or may not be associated with in professional or personal capacity unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Changes and amendments. We reserve the right to modify this Disclaimer or its terms relating to the Website and Services at any time, effective upon posting of an updated version of this Disclaimer on the Website. When we do, we will revise the updated date at the bottom of this page. Continued use of the Website and Services after any such changes shall constitute your consent to such changes. Acceptance of this disclaimer. You acknowledge that you have read this Disclaimer and agree to all its terms and conditions. By accessing and using the Website and Services you agree to be bound by this Disclaimer. If you do not agree to abide by the terms of this Disclaimer, you are not authorized to access or use the Website and Services. Contacting usIf you would like to contact us to understand more about this Disclaimer or wish to contact us concerning any matter relating to it, you may send an email to info@expensemutual.com.