Final Expense - Level Premium
Level Premium Whole Life Final Expense Insurance
It can be uncomfortable to think about the expenses that are left behind when we
die. Failure to plan ahead for an expense may leave your family owing thousands
of dollars. Oxford Life's Assurance final expense whole life insurance policy is
an economical way to help cover funeral costs and other expenses left behind.
Assurance Policy Features 1
- Available to individuals between the ages of 50 - 85
- Available coverage from $5,000 to $30,000
- Affordable rates that will never increase
- Coverage will never decrease as long as premiums are paid
- Policy cannot be cancelled as long as premiums are paid
- Death benefits paid directly to the beneficiary of your choice federal income-tax
free
- Your policy will develop cash values
- No medical exams required, only a medical questionnaire
- Immediate eligibility decision made during the point-of-sale interview
- Rates based upon your current age at the time the policy is issued
- Premiums can be paid monthly, quarterly, semi-annually or annually
- Terminal Illness Rider
- Common Carrier Rider
National Median Cost of an Adult Funeral with Viewing and Burial: 2004 vs. 2014
| Item |
2004* |
2014* |
% Change |
| Non-declinable basic service fee |
$1,460 |
$2,000 |
37.0% |
| Removal/transfer of remains to funeral home |
$195 |
$310 |
59.0% |
| Embalming |
$498 |
$695 |
39.6% |
| Other preparation of the body |
$174 |
$250 |
42.9% |
| Use of facilities/staff for viewing |
$339 |
$420 |
23.9% |
| Use of facilities/staff for funeral ceremony |
$395 |
$495 |
25.3% |
| Use of a hearse |
$225 |
$318 |
41.1% |
| Use of a service car/van |
$100 |
$143 |
42.5% |
| Basic memorial printed package |
$95 |
$155 |
63.2% |
| Metal Casket |
$2,100 |
$2,395 |
14.0% |
| Median Cost of a Funeral With Viewing and Burial |
$5,582 |
$7,181 |
28.6% |
| Vault |
$998 |
$1,327 |
33.0% |
| Total with vault |
$6,580 |
$8,508 |
29.3% |
|
|
nfda.org/about-funeral-service-/trends-and-statistics.html
|
1The issuance of the policy depends on the answers to health questions.
The Oxford Life Assurance is issued by Oxford Life Insurance Company. Oxford Life
assumes the investment risk and guarantees payment, subject to its claims-paying
ability. Oxford Life Insurance Company is licensed to issue individual life insurance
and annuity products in all states except New York and Vermont. For use with Oxford
Life policy form ICC10-OL400 and state specific versions where applicable. Product
not available in all states. A comprehensive description of the policy benefits,
costs, exclusions, limitations and terms is available to you upon request. Neither
Oxford Life Insurance Company, its affiliates, nor any of its representatives may
provide tax or legal advice. Individuals should consult with their tax advisor or
legal counsel for specific advice and information regarding their individual situation.