Simplified Issue Final Expense Insurance

Coverage that provides peace of mind

Lumico Simplified Issue Final Expense

Simplified Issue Final Expense (SIFE) insurance is a whole life insurance policy that has a small death benefit. Frequently, SIFE insurance is commonly referred to as "funeral insurance," or "burial insurance" and is a small whole life policy with a death benefit of $5,000 to $50,000.

Lumico's product helps lessen the burden on your family by ensuring they have the means they need to help cover funeral and/or burial costs.

Product Specifications

Issue Ages

Ages 40-80 Preferred and Modified
Ages 40-85 for Standard

Minimum face amount

$5,000

Maximum face amount and risk classes*

$50,000 for Preferred at ages 40-60
$40,000 for Preferred at ages 61-70
$30,000 for Preferred at ages 71-75
$20,000 for Preferred at ages 76-80
$30,000 for Standard
$15,000 for Modified

Policy Expiry

Age 121

Premium Frequency

Annual, semi-annual, quarterly, monthly

Rider options

Included

Accelerated Death

Optional

Accidental Death

Preferred: your benefit is “level” - so you’re entitled to 100% of your benefit from the first day your coverage begins.
Standard & Modified: your benefit is “graded” in the first three years - this means your benefit will gradually increase to 100%, unless death occurs as a result of an accident.

For more coverage information download a copy of our Final Expense fact sheets based on your risk class.

Simplified Issue Whole Life

(Ages 40-49)

Simplified Issue Final Expense

(Ages 50+)

For help with your Simplified Issue Final Expense life insurance policy,
please contact our life insurance customer care team on 1-866-440-4047.

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