Products Understanding Your Needs Work With Us GPM Life Group Contact Us Customer Support Linked-In social icon GPM Health and Life Products Final Expense Final Expense Whole Life Insurance Final Expense, offered by GPM Health and Life, is a whole life insurance policy designed for seniors ages 50 through 85. It is quickly issued in small amounts, at a reasonable price, and with no medical exam. Final expense coverage can be used for more than just funeral costs, including paying debts or leaving a legacy to loved ones or a charitable organization. Final Expense Life Insurance can be used for gifts or paying debts, not just final expense costs No medical exam required Many people think their existing benefits will cover final expenses. But Social Security pays only $255* to qualified beneficiaries. The average cost of a funeral is over $8,000.** One purpose for Final Expense whole life insurance is to help fill the gap for final expenses. It can also be used for many other reasons such as paying off debts, leaving a gift to a loved one or supporting a church or a charitable cause. Minor and past health issues may be accepted Policies available for applicants age 50 through 85 Issued in coverage amounts from $3,000 to $35,000 Quick issue of policies No blood testing or urinalysis required Your premiums are guaranteed to be level and can not increase Your policy will not lapse or terminate as long as premiums are paid, there are no policy loans or withdrawals, and other policy provisions are met. GET ADVICE TODAY Get your free Memorial Planning Guide By taking the time now to make the decisions and plan for final expenses, you are helping to relieve financial and emotional burdens your loved ones will face. Our free planning guide has tips and a helpful organizer. Get a planning guide Understanding Final Expense Fits these needs: Final expense coverage is an option that will help loved ones manage your funeral costs or pay outstanding debts. The policy may also provide a gift to a loved one or for charitable giving. What to consider: Final Expense whole life insurance can be used to help fill the final expense gap. While Social Security pays only $255* to qualified beneficiaries, the average cost of a funeral can be over $8,000.** Options: Individuals 50 to 85 years old have coverage options which vary depending on your age and medical history. Coverage amounts can range from $3,000 up to $35,000. Coverage options for your age and medical history We can issue most coverage within days and have options that vary based on your age and medical history. We do not require a medical exam or blood tests, just a short application and brief medical history interview. If you are age 50 to 85 and in average health Simplified Issue Whole Life Insurance (SIWL) offers: 100% Death Benefit beginning on the first day of the policy Optional Accidental Death benefit up to age 70, available for issue between age 50-60 Optional Child Term Life Insurance coverage of $5,000 per child Premium payment options for Lifetime, or 10 years. A 20 year payment option is available to people ages 50 through 70. If you are age 50 to 85 and have less than average health Graded Death Benefit Whole Life Insurance (GDB) offers: Death Benefit of 30% of the ultimate face amount the first year, 70% for the second year, and 100% beginning the third year and after Accidental Death Benefit equal to the full amount of coverage is included during the first two years, subject to policy exclusions If you are age 50 to 85 and have more health issues, you may still qualify Modified Benefit Whole Life Insurance (MBWL) offers: Death Benefit of all premium paid plus 10% interest during the first two years, then 100% of the ultimate face amount thereafter Accidental Death Benefit equal to the amount of coverage is included during the first two years, subject to policy exclusions *Social Security Handbook SSA Publication No. 05-10084 **The median cost of a funeral is $8,438 according to a 2014 survey by National Funeral Directors Association at NFDA.org. Our insurance professionals can help you determine the right coverage option for your needs. Get advice on Final Expense Learn more about Final Expense Life Insurance Understanding coverage for seniors Seniors have unique coverage needs, from providing for loved ones to covering an unpaid mortgage. Learn how you can help protect your family’s financial security. Benefits advice for seniors Talk to an insurance professional We can help you understand Final Expense coverage and find the best option for your needs. Send us your questions and let us know how you'd like to be contacted. Contact us Get more information Would you like to read more? Download a PDF file with more information about Final Expense Life Insurance, including a planning guide to help you estimate final expense costs. 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