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.
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.
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.
Yes. The average cost for the cemetery expenses is about $1,100.00 and this plan is good anywhere in the world.
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.
No, as long as premiums are kept current. Your plan will remain the same for the life of the policy.
Yes, but only for non-payment of premiums. It is important the funds be available in order to avoid a lapse in the policy.
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.
You are covered worldwide when you have a Golden Memorial Plan
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.
We cover anyone ages 0-85.
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.
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
Your family can receive up to $20,000 cash in 24 hours after the receipt of a death certificate and upon claim approval.
Yes. Final expense insurance has significantly more flexible underwriting than traditional life insurance. Golden Memorial Insurance does not require a medical exam — approval is based on a health screening questionnaire only. Most pre-existing conditions, including diabetes, heart disease, COPD, and high blood pressure, are accepted. If you have been denied coverage in the past, final expense insurance is typically your best available option for protecting your family from funeral and burial costs.
Golden Memorial Insurance pays the full benefit amount directly to your named beneficiary within 24 hours of claim approval — not to the funeral home, and not after weeks of processing. Your family submits a death certificate, the claim is reviewed, and funds are transferred the same day or next business day. This is one of the most important differences between final expense insurance and traditional life insurance, which can take weeks or months to settle.