There are many reasons to specialize in final expense insurance.
Here are the top five reasons that make this a lucrative insurance vertical to sell:
1. The simple application process only asks about 10 health questions, which is easier for seniors than taking a physical exam and filling out a 20-page application for traditional fully underwritten life insurance plans.
2. Selling this policy is pretty straightforward because the benefits are easy to explain to seniors: If you die, your family gets paid, simple as that.
3. The policy takes less than a week or two to issue, which means fewer buyers are opting out due to buyer’s remorse.