(205) 567-3758

Empowering Your Financial Future | Tonkya Lockett

(205) 567-3758

FINAL EXPENSE INSURANCE

Taking steps towards a secure tomorrow for your family

No Health Exam Required

Fixed Monthly Rates that don’t increase

Consistent Benefits that never decrease

COVERAGE UP TO $50,000

I’M Tonkya Lockett

Licensed Broker & Senior Field Underwriter

It's not about how much life insurance you need. It's about how much life insurance your family or loved ones need when you're not here.

I’M Tonkya Lockett

Licensed Broker & Senior Field Underwriter

It's not about how much life insurance you need. It's about how much life insurance your family or loved ones need when you're not here.

Let's Talk

Check out rates from leading insurance companies in the country.

Final Expense Explained

Final expense insurance is usually a Whole Life Insurance Policy that has a small death benefit to cover items that generally come when someone passes away. They are typically easier to get approved for and called Simplified Issued Life Insurance Policies. They can also be Guaranteed Life Insurance Policies or Modified/Graded Life Insurance. Be aware of Guaranteed Issue, Modified or Graded Insurance as these will typically have a 2 year waiting period. This type of insurance may not be the best option for you.

The typical Face Amount of Death Benefit for this type of coverage ranges between $2,000 to $50,000. Final Expense Insurance has a Death Benefit designed to cover expenses that usually occur at end of life, but can be used for anything at all as the beneficiary as the final say on what the money is used for.

Key Take Aways of Final Expense Insurance

What Type Of Policy is Used For Final Expense

Final expense insurance is a small whole life insurance policy that is easy to qualify for.

Death Benefit

The beneficiaries of a final expense life insurance policy can use the policy’s payout to pay for a funeral service, casket or cremation, medical bills, nursing home bills, an obituary, flowers, and more. However, the death benefit can be used for any purpose whatsoever.

Policy Amounts

The death benefit is usually somewhere between $2,000 and $50,000.

Average Funeral Costs

The average cost of a funeral ranges between $7,000 and $12,000

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Final Expense Insurance

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Benefits of Working with
Tonkya Lockett

Unlike some insurance advisors who are limited in their offerings, Tonkya partners with multiple insurance companies to provide you with an array of options. Whether you're looking to cover funeral expenses, secure your home loan, or plan for retirement, consider Tonkya your comprehensive one-stop shop for all your insurance requirements.

LEARN ABOUT Tonkya Lockett

Wide Product Range

Some insurance providers will only have access to a limited number of insurance carriers. Tonkya works with a broad range of insurance companies, offering you a variety of options. From funeral costs to home loan protection and retirement planning, consider it a one-stop shop for all your insurance needs.

Diverse Expertise

Tonkya is well-versed in all types of life insurance. With a wealth of options at your disposal, Tonkya will guide you to find the insurance policy that best fits your unique requirements.

Deep Knowledge

With extensive experience in the field, Tonkya knows the intricacies of life insurance policies inside and out. Trust in Tonkya to help you discover the ideal match for your insurance needs.

Hassle-Free Experience

Navigating the world of life insurance can be complex, but not with Tonkya on your side. Offering a hassle-free experience, Tonkya simplifies your search by comparing multiple policies and clearly explaining their terms.

Customized Service

Tonkya believes in offering personalized solutions tailored to your specific goals and needs. Through a deep understanding of your overall situation, budget, and future aspirations, Tonkya partners with you to select a policy that both protects and empowers.

How do you pick the right Final Expense Insurance?

Choosing the right Final Expense Insurance isn't just about picking a policy; it's about aligning that policy with your unique circumstances and choices. In a process that involves multiple considerations and options, we've put together this guide to help you navigate through it all:

What are Your Specific Wishes: The first step in selecting Final Expense Insurance is to pinpoint the specific funeral arrangements and final expenses you want covered. This extends beyond just the casket and burial plot to include ceremonies, medical bills, and even outstanding debts. Knowing what you want will help you identify the coverage amount that aligns with your specific wishes.

The specifics matter: Each insurance company presents policies with their own set of rules and conditions. It's crucial that your advisor can break down the specifics of the policy you're considering. You certainly don't want your loved ones facing unexpected hurdles because the policy fell short of its promises. A well-informed advisor, who understands your unique needs, is key to ensuring you're not overlooking any crucial details

Find a Verified Advisor: The right licensed agent and Verified Advisor can make all the difference in ensuring you get a policy tailored to your needs. An experienced agent will guide you through the complexities and help you make an informed decision.

Reputation is important: Your policy is only as secure as the company behind it. Make sure the company you choose is a "A-Rated." Choosing a reputable company ensures that your family will be taken care of when it's needed the most.

Be upfront and honest throughout: If there's any part of the policy that leaves you confused or uneasy, don't hesitate to reach out to your agent or the insurance provider for clarification. Clear, open communication is essential for making a choice you're entirely comfortable with.

How Can Final Expense Insurance Help you?

Out-of-Pocket Medical Bills:

Despite Medicare or private insurance coverage, elderly households may still face considerable financial risk from out-of-pocket health care expenses at the end of life.

Legal and Accounting Costs:

The legal proceedings referred to as probate, and related accounting fees, can be a shock to family and loved ones. Probate costs vary by state while the probate process can take months, or years.

Funeral and Burial Expenses:

A funeral can be one of your family’s largest expenses. The average cost of a funeral is $7,848.1
While many believe that cremation is a far less expensive option, data shows that the cost is only 15% less than the traditional funeral.