Terms and Conditions

Acceptance of Terms

By using the MyFinalCoverage website, submitting an application, or purchasing an insurance policy through our services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions, as well as our Privacy Policy.

If you do not agree with any part of these terms, you should not use our website or services. We reserve the right to modify these terms at any time, and such modifications will be effective immediately upon posting to our website.

Services Provided

MyFinalCoverage provides final expense and burial insurance services, including:

• Online insurance quotes and comparisons
• Application assistance and guidance
• Policy management and customer support
• Claims processing assistance
• Educational resources about final expense insurance

We work with licensed insurance carriers to provide coverage. MyFinalCoverage acts as an insurance agency and marketing organization, connecting customers with appropriate insurance products based on their needs and eligibility.

Eligibility Requirements

To apply for coverage through MyFinalCoverage, you must meet the following criteria:

• Be at least 45 years of age (varies by policy type)
• Be a legal resident of the United States
• Have the legal capacity to enter into a binding contract
• Provide accurate and truthful information in your application

Age Requirements

Different policy types have different age requirements:

• Simplified Issue Policies: Ages 45-85
• Guaranteed Issue Policies: Ages 50-85

Specific eligibility requirements may vary by state and insurance carrier.

Application Process

When you submit an application through MyFinalCoverage:

1. You must provide complete, accurate, and truthful information
2. You authorize us to share your information with insurance carriers
3. You consent to verification of the information provided
4. You understand that misrepresentation may result in denial of coverage or claims

Application Review

Applications are reviewed by the underwriting department of the insurance carrier. Approval is not guaranteed and depends on meeting the carrier's underwriting criteria. Some policies offer guaranteed acceptance for specific age groups.

Premiums and Payments

Premium amounts are determined based on several factors including age, health status, coverage amount, and policy type. Once approved, your premium is locked in and will not increase due to age or health changes.

Payment Terms

• Premiums must be paid according to the schedule selected (monthly, quarterly, semi-annually, or annually)
• Payment methods include automatic bank withdrawal (ACH), credit card, or debit card
• First premium payment must be received before coverage begins
• Late payments may result in policy lapse after the grace period

Grace Period

Most policies include a grace period of 30-31 days during which coverage remains in effect even if payment is late. If payment is not received during the grace period, the policy may lapse and coverage will terminate.

Coverage Details

Coverage specifics vary by policy type and insurance carrier. Your policy documents will outline the exact terms, conditions, and exclusions of your coverage.

Waiting Periods

• Simplified Issue: Typically includes immediate accidental death coverage; full coverage after a short waiting period (usually 2 years) for natural death
• Guaranteed Issue: May have a graded benefit period of 2-3 years where a percentage of the death benefit is payable for natural death

Exclusions

Common exclusions may include death resulting from suicide within the first two years of coverage, or death while committing a felony. Specific exclusions will be detailed in your policy documents.

Claims Process

When a claim needs to be filed:

1. The beneficiary should contact MyFinalCoverage or the insurance carrier directly
2. A certified death certificate must be provided
3. A claim form must be completed and submitted
4. Claims are typically processed within 7-14 business days upon receipt of all required documentation

We provide claims support to beneficiaries and can assist with the claims process. Our customer support team is available 24/7 to help during this difficult time.

Cancellation and Termination

Your Right to Cancel

You may cancel your policy at any time by contacting us or your insurance carrier. Most states provide a "free look" period (typically 10-30 days) during which you can cancel for a full refund of premiums paid.

Termination by Insurer

The insurance carrier may terminate coverage only for non-payment of premiums after the grace period, or in cases of material misrepresentation on the application.

Refunds

Refund eligibility depends on the policy type and when cancellation occurs. Final expense policies typically do not build cash value in the early years, so refunds may be limited or unavailable outside the free look period.

Privacy and Data Protection

We take your privacy seriously. Information you provide is used solely for the purposes of evaluating your application, providing services, and as required by law.

For complete details on how we collect, use, and protect your information, please review our Privacy Policy.

Information Sharing

We share your information only with:

• Insurance carriers for underwriting and policy administration
• Service providers who assist in delivering our services
• Regulatory authorities as required by law

Limitations of Liability

MyFinalCoverage acts as an insurance agency connecting customers with insurance carriers. We are not responsible for:

• Decisions made by insurance carrier underwriters
• Policy terms, conditions, or exclusions set by the carrier
• Delays in claims processing by the insurance carrier
• Changes to state or federal insurance regulations

Our liability is limited to the services we directly provide. The insurance contract is between you and the insurance carrier, governed by the terms of your policy documents.

Contact Information

If you have questions about these Terms and Conditions, please contact us:

• Phone: (504) 203-6540
• Email: [email protected]
• Address: 4219 Magnolia St New Orleans LA 70115