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Family Benefit Life Insurance [Company and Product Review]

Family-Benefit-Life-Insurance-Company-Review

It’s time to prepare for your future and one way to do that is to buy the right policy from one of the top final expense burial insurance companies so that you know your family will not face financial difficulty in laying you to rest. It may be morbid to think about, but we’re all going to die, right? You might as well prepare for the inevitable.

In your hunt to find the best final expense burial life insurance policy, you may have come across the name Family Benefit Life Insurance Company. This is one life insurance company many people turn to for a life insurance policy, but how good are they? JustBuryMe offers information about life insurance companies like Family Benefit so that you can make the most informed decision possible.

2017 Review of Family Benefit Life Insurance Company

About Family Benefit Life Insurance

Family Benefit Life Insurance is part of First Trinity Financial. While they are a very new company (they only started in 2007), they have grown relatively fast.

As the name insinuates, Family Benefit Life Insurance is all about one thing: family. Even if your “family” doesn’t fit the typical family structure, you still have people who are near and dear to you—people you want to protect when you leave this earth. Family Benefit Life Insurance understands those bonds and strives to help people prepare for their future.

Where is Family Benefit Life Insurance Available?

Family Benefit is a growing company, and in 2016, they hope to reach many other states. However, for the time being, Family Benefit Life Insurance is available in the following states:

  • Alabama
  • Arizona
  • Arkansas
  • Colorado
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Missouri
  • Nebraska
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • West Virginia

If you do not live in one of these states, then another life insurance company is probably right for you. Alternately, you can check back in a few months to see if Family Benefit has started operating in your state.

Does it matter that Family Benefit is so new?

Considering there are many life insurance companies that are more than 100 years old, Family Benefit is a really young company in the life insurance industry. That doesn’t necessarily mean, however, that you shouldn’t go with them. To be honest, a company can be very old but still have fundamental flaws or just not be the right life insurance company for you.

While it is smart to question the validity of a company based on its age and track record, it’s not a wise idea to discredit Family Benefit simply on the basis of age! A new company like Family Benefit can offer a fresh perspective. They may not be as “set in their ways” as older companies, perhaps even more eager to adopt technology or innovative insurance practices.

Family Benefit’s Final Expense Policy

Family Benefit is known for their whole life products, and in particular their final expense policy: Golden Eagle Final Expense

Golden Eagle Final Expense

This is a final expense policy that has a death benefit between $2,500-25,000. The minimal policies of only a few thousand dollars are quite affordable and a great option for someone who doesn’t have a lot of money to spare at the end of the month for something like life insurance.

The low monthly payments that you’ll have with a policy for $2500 or even $5000 makes it almost hard to resist this policy.

Things to know about Golden Eagle Final Expense Plan:

With this life insurance policy you will:

  • Not have to take a medical exam or answer medical questions
  • Secure a Guaranteed Death Benefit- your death benefit will not change no matter how old or sick you become
  • Be sure your policy will last. So long as you make your payments, this policy cannot be canceled for any reason
  • Have the option for 100% accelerated living benefit. In case you suffer a terminal illness and need to cover expenses while you are still alive, you can do access your death benefit

Is Family Benefit Life a Good Option?

If you are looking for a final expense or burial life insurance policy, then Family Benefit is a good option. With a few drawbacks – it’s a young company and there aren’t any known “ratings” by organizations such as AM Best or Moody’s—it’s still a reliable company that has worked out for many people.

However, there are other life insurance companies out there that also offer great final expense policies. If you are looking for a life insurance policy, then it might do you some good to find out more information about Family Benefit as well as other life insurance companies.

JustBuryMe Can Help

We work with dozens of life insurance companies that offer final expense policies, including Family Benefit. If you call us, we can help you learn more about what multiple different life insurance companies have to offer, and we will help you find the one that’s right for you.

We won’t ever push you to buy a policy that is not right for you – why should we? We work with so many various life insurance companies that we know there is one out there for you! That’s why we will only recommend you to buy a final expense policy from a company we truly believe is a good fit for you and your family.

So give us a call today and find out which life insurance company has the final expense policy for you.

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