Questions + Answers

Find comfort in Final Expense Life Insurance

It’s not unusual to have questions about final expense life insurance. Below are some of the most frequently asked questions we receive, along with answers.

funeral expense questions
Is $2000 enough for Funeral Expenses

Your widow will need much more money to cover funeral expenses. Sometimes we don’t pass away in the comfort of your home. Death can come from an auto accident or a stroke in a nursing home. The average cost for final expenses is over $12,000. This plan is for funeral expenses only. Leave your savings alone. That money will be needed by your widow.

Is my plan still valid if I move to another state?

Yes, as long as your premiums are current, your burial insurance plan will remain in effect no matter where you live. Your plan is good world-wide.

Will a plan pay for a plot in my home country?

Yes. The average cost for the cemetery expenses is about $1,100.00 and this plan is good anywhere in the world.

I already have a cemetery plot, how will this plan help me?

You have already taken care of one-third of the total expenses. Your burial insurance plan will take care of the rest, including the funeral services and all miscellaneous expenses at the cemetery.

Will my premium ever increase?

No, as long as premiums are kept current. Your plan will remain the same for the life of the policy.

Can my policy be canceled?

Yes, but only for non-payment of premiums. It is important the funds be available in order to avoid a lapse in the policy.

How much do plans cost?

The final expense life insurance premium depends on the age and the medical condition of the insured. You will be asked just a few health questions. No medical exam will be required.

Where am I covered?

You are covered worldwide when you have a Golden Memorial Plan

What states are you located in?

We are located in 16 states (California, Arizona, Colorado, Nevada, Oregon, New Mexico, Texas, Florida, Illinois, Virginia, Wisconsin, Idaho, Utah, Montana, Hawaii, Alaska): but coverage for our plans is worldwide. If you do not live in a state where an agency is located, call us at [insert phone number] to learn more.

Will my pre-existing health condition be a problem trying to get coverage?

We have agents who have helped those with pre-existing conditions receive coverage with a Golden Memorial Plan, but for a definitive answer we ask that you call us, to speak with an agent who can create a customized coverage plan for you and your family. No medical exams are required for you to receive coverage.

How does Golden Memorial help once my loved ones passes away?

With your Golden Memorial Plan, you will receive a free membership with FCGS, which helps your surviving loved ones with planning the details of your funeral service. Some of these details include:

  • Help with choosing a venue for said funeral
  • Help with picking florals, music, and other miscellaneous items for funerals
How soon will my family receive money from the plan once I pass?

Your family can receive up to $20,000 cash in 24 hours after the receipt of a death certificate and upon claim approval.

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