What is Life Insurance?

Life Insurance is a contract between an insurance policy holder and an insurer where the insurer promises to pay a a sum of money (a benefit) to a designated beneficiary in exchange for a premium, upon the death of the insured person. 


What is Final Expense Insurance?

Final Expense Insurance is a whole life insurance policy that typically has a smaller death benefit (between $2,000 - $40,000) and is easier to get approved for than a Term Life Insurance policy. 


Final Expense Insurance is designed to be paid out to a beneficiary within a quicker time period than typical whole or term insurance in the event of the insured passing away, and can be used for end of life expenses.  It's often called “funeral insurance,” “burial insurance,” or known as “Simplified Issue Whole Life" (SIWL).

What is Term Life Insurance?

Term Life Insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in the policy the death benefit will be paid to the beneficiary. 

Term Life Insurance typically has a large death benefit ($100,000 - $1,000,000+) and usually requires a full medical screening to get approved. It's often called "Mortgage Protection" insurance since the beneficiary can use the money to help pay off a mortgage after the loss of a household income earner.

What is Whole Life Insurance?

Whole Life Insurance is an insurance policy that is guaranteed to remain in force for the insured's entire lifetime or to the maturity date. 

Whole Life Insurance policies are guaranteed to remain in force as long as the required premiums are paid, and the premiums are typically much higher than those of Term Life Insurance

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Email Address: info@getburialquotes.com

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Office Address

AffinityQuotes, LLC.

945 McKinney St. Suite 562

Houston, TX 77002



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