This infographic is designed to help seniors and their children with the purchase of final expense type life insurance. While this market is designed for amounts of coverage from $200- $40,000, the majority of cases are written on a whole life type policy that generates cash value. However, cash value can never be taken out of the policy without the premiums increasing dramatically. Most people that borrow from this type of small policy do not have it in force when they die.
The problem with this type of coverage is cost, and the infographic makes it clear that another type of life insurance can be substantially less expensive and achieve the same objective.
