Family Benefit Life is one of the many insurance companies in the market that offers a burial insurance plan. It is operated by the First Trinity Financial Corporation. We will go through the details of this life insurance company below. To compare rates or see if a Family Benefit Life whole life policy is available to you, just enter your information to the right of this article or call 844-528-8688
Family Benefit Life
The company’s mission is to help people secure their family’s future by offering sound financial products and excellent service.
They strive hard to provide the best products and services at competitive prices with ethical, spiritual, and moral integrity. Family Benefit Life was established in 2007.
Having only 13 years of experience in the industry, they can still be considered relatively new.
As a growing company, the availability of their products is limited only to a few states. In the next few years, their goal is to expand and reach out to other states.
As of now, they are offering their life insurance products to the residents of :
|North Dakota||North Carolina||Oklahoma||Ohio|
Trinity Life Insurance Company
Trinity Life Insurance Company is one in the same as Family Benefit life which company your policy would fall under is dependent on which state you reside in. The states above are split between the two companies.
Family Benefit Life Burial Insurance Plan
The Family benefit Life| Trinity Life Burial Insurance Plan is referred to as the Golden Eagle Final Expense.
So, what type of benefits can you enjoy when you avail yourself of this insurance policy?
Let’s explore the inclusions of this life insurance policy along with other burial insurance questions you may have below.
What guarantees will you have when you choose Family Benefit Life?
Family Benefit Life offers three guarantees for this type of insurance policy. First, your premiums will be guaranteed for life and will not increase as you grow old or when you fall ill.
Second, your face amount will not decrease regardless of your health and age. When you pass away, the death benefit will be paid to your beneficiary. Any outstanding loans you may have will be deducted to the benefit.
Lastly, the coverage of your policy will not be canceled as long as you make premium payments as scheduled.
What benefits can the insurance policy give you?
Family Benefit Life aims to provide your family with financial security, not only when you die. There are certain instances wherein the company will approve the release of your benefit even while you are alive. This is referred to as “accelerated benefit.”
Under this policy, you can enjoy two types of accelerated benefits. The first one is the 100% Accelerated Living Benefit. If you’re diagnosed with a terminal illness that will result in your death in a year or less with reasonable medical certainty, you will receive your policy benefit.
The second type is the Nursing Home Confinement, which means that your benefit will be accelerated if you are continuously confined to a Qualified Nursing Home so long as the confinement is expected to continue until the death of the insured.
Another condition is that the confinement must start after the effective date of the policy.
How much do you need to pay for the burial insurance?
This will all depend on the type of funeral service you wish to have. If you want a grand funeral service, you’ll have to pay more. If you’re only interested in a simple service, then your premiums will be much lower.
Besides, you also have the freedom to choose the amount of coverage that you deem suitable for your budget and needs.
Family Benefit Life is known for offering affordable premiums. If your answer is “no” to all of the application questions, you can be a candidate for first-day coverage with a death benefit ranging from $2,500 to $25,000.
However, if your answer is “yes” in some questions, you will be eligible for a “Graded Death Benefit,” which may range from $2,000 to $10,000.
What are the possible payment methods and schedules for the insurance policy?
Family Benefit Life offers convenient payment schedules and options to make things easy for you. Your payment schedule options include annual, semi-annual, quarterly, or monthly.
Payment options include cash, credit card, or automatic deduction from your savings or checking account.
Why Buy Family Benefit Burial Insurance?
When it comes to finances, your life, and your family’s situation, it’s always better to be safe than sorry. If you’re not considered to be eligible for more comprehensive life insurance policies, a burial insurance policy is your best option.
With this type of insurance policy, you’ll have peace of mind knowing that you have taken a big step in securing and protecting your family from overpriced burial expenses.
About the Author
My name is Loran Marmes and I am the owner of MyBurialInsurancePlan.com. I would like to explain why we are your best option when it comes to Life Insurance. We are an Independent Agency and we contract with all of the top-rated carriers in the country so we can offer you products and pricing tailored to your needs and budget. After a four-year tour of duty, I went into the printing business and enjoyed meeting with clients and helping them solve printing-related business issues. After years of 12-hour days in the printing business, I got my Health and Life Insurance license and decided to specialize in Life Insurance because I have seen first hand what happens to a family when the main breadwinner dies without any coverage. My intentions will always be to put your needs first so that I can deliver solutions that will accommodate your circumstances and your budget.