What is the Final Expense Market?

The Final Expense market is mostly made up of Seniors in need of additional insurance for the purpose of paying for funeral, burial and/or cremation expenses. Costs associated with Final Expense are not only funeral-related but also may be hospital or potential probate costs.

After retirement, many people are left without any permanent insurance and only a modest monthly Social Security payment of $255.00.  That financial situation along with the rising costs of funerals creates an opportunity for the sale of permanent life insurance. 

 

Reasons to Specialize in the Final Expense Market:

• 10,000 people turn age 65 every day, which means the Final Expense market is growing larger every year
• Simple sales process with easy close, generous underwriting and fast turnaround time
• Final Expense is easy to explain, needed by so many and affordable for most
• A great opportunity for an agent wishing to work part-time where he or she can make substantial income with flexible hours
• The average full-time producer should realistically make $1k to $3k per week
• Excellent cross-selling opportunities: Medicare, LTC, and more

 

 

 

 

 

 

 

 

What you need to succeed

 

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