Final Expense Insurance

Securing End-of-Life Expenses

Ensure there will be funds available for medical expenses, funeral costs, and other financial obligations at the time of your death. An unexpected medical event can be very costly; don’t leave this monetary burden to your family.

Policy Details

Why get a final expense policy through ELCO Mutual?

We offer one of the lowest premiums and one of the only participating final expense products currently on the market, and qualifying for coverage is easy.

Are there different types of policies available?

Yes, ELCO Mutual offers both level and modified death benefits.

The level benefit is simplified issue, which means you only have to answer a few questions to determine your eligibility. This policy includes face amounts of $2,500-$35,000; an immediate, guaranteed death benefit; and an available single pay life rider to enhance your coverage.

The modified benefit is available if you have certain health conditions that prevent you from qualifying for the standard coverage. This policy includes face amounts of $2,500-$25,000 and a return of premium plus 10% interest for the first two policy years, with the full benefit beginning in year three.

Both policies are participating, meaning they are eligible for dividend growth.

Who Is Eligible for a Final Expense Policy

The level benefit policy is available for individuals between ages 50-85, and the modified benefit policy can be issued to people between 50-80 years old.

View Our FAQs

ELCO Mutual and its representatives are not legal or certified tax professionals. For tax and/or legal advice, please contact a licensed professional. ELCO Mutual contracts with independent licensed insurance producers and does not guarantee nor certify them as financial planners. Continue Reading Not insured by the FDIC or associated with any government program or agency. Annuities are not associated with a bank. Withdrawals taken from annuities before the age of 59 1/2 are subject to the IRS's 10% excise tax. Individual Retirement Accounts (IRAs) cannot be opened past age 70 ½. Dividends are declared by the company's board of directors and are not guaranteed. When purchasing a single premium whole life policy, please note that the policy is a Modified Endowment Contract (MEC). Any distributions taken by the owner may be taxable (including from the accelerated death benefit rider). Death benefits for life insurance contracts are contingent on any due premiums being paid. The information on this website is intended for informational and educational purposes only and is not intended to provide investment advice or a recommendation. Clients seeking advice should consult a licensed professional. All life insurance policies and annuities are underwritten and issued by ELCO Mutual Life and Annuity. Also known as ELCO Mutual Life and Annuity Company in Florida. View Less