Are you here because you saw a USA Family Protection Insurance commercial on TV about final expense burial insurance?
Perhaps you’re looking for a quote or want to find out how these final expense life insurance programs work. If so, then you’ve found the right article!
Today’s article will explain the following:
Bottom line, if you’re looking for final expense life insurance for yourself, a spouse, an elderly parent, or a sibling, you’ll find all the information you need to see if USA Family Protection is a good fit for your goals.
Looking for a quote for life insurance or burial insurance? Click here and see what you may qualify for. If you’d prefer to talk live, call 888-626-0439 to speak with us directly.
USA Family Protection Insurance Services is a virtual insurance agency that helps people secure affordable final expense coverage over the phone.
They exclusively represent Lumico Life Insurance company, an A-rated company that works with clients who want affordable final expense coverage without medical exams.
USA Family Protection Insurance Services offer whole life simplified issue products that require no medical examinations. Clients also receive an instant decision upon completing a phone interview.
The application process only takes 15 to 20 minutes to complete, and the questions are relatively straightforward.
This is perfect for anyone looking for enough coverage to pay for a burial or cremation.
For example, our average final expense policy plans at Buy Life Insurance for burial provide roughly $10,000 to $20,000 in coverage, ideal for final expenses. However, coverage can range from $1,000 to $100,000 or more.
USA Family Protection Insurance Services do not underwrite or create their insurance policies.
In fact, they’re partnered with an insurance company called “Lumico Life Insurance” that underwrites and insures their final expense plans for them.
Therefore, to explain how USA Family Protection operates, we must first look at how a Lumico final expense policy plan works.
Based on your health, there are three plans available:
Compared to their competitors, most of the available coverage at Lumico Burial Insurance is competitively priced. However, pricing isn’t everything.
You need to know how their underwriting policy works and what medical questions they’re going to ask. Different insurers may ask different questions.
And there’s no guarantee Lumico will be the best fit for every person applying compared to other final expense companies.
If you answer yes to the following, they’ll decline your application.
If you answer yes to the following, they’ll offer a Modified plan.
If you answer yes to the following, they’ll offer standard rates. If you answer no to all of them, they may qualify you for preferred rates.
In the last two years, have you been diagnosed with or suffered from any of the following:
Let’s start with some of the questions mentioned above and discuss where you will likely find a better deal.
Chances are you can secure guaranteed issue coverage from a company such as:
These insurers ask no health questions whatsoever, and as long as the client can physically sign off on the application, they’re guaranteed to be approved.
We have access to all three of these companies – run quotes to the side or top of the screen to check prices.
You may be able to get a policy that gives you full coverage after two years, rather than the 3-year Modified Lumico plan that USA Family Protection Insurance Services offers.
For instance, Guarantee Trust Life (a company we offer here at Buy Life Insurance For Burial) may offer 50% death benefit coverage in the second year, versus 25% in the second year with Lumico. Then, full coverage in the third year and beyond.
You might be able to secure a guaranteed issue plan with a carrier that will offer you full coverage after two years.
You can qualify with a Guarantee Trust Life, which will offer 50% death benefit coverage in the second year and full coverage at the start of the third year.
Diagnosed with diabetes under 50.
Royal Neighbors, Liberty Bankers Life, and Prosperity (again, we offer all three companies here) may insure you for first-day full coverage versus the three-year modified plan with Lumico.
If you purchase a Lumico burial insurance plan from USA Family Protection, you’re best option is a Modified plan that makes you wait three years before you’re fully covered by the death benefit for natural causes.
Compared to other final expense coverage, I can think of companies that would actually provide immediate first day full coverage for both natural and accidental causes.
For example, Prosperity, Liberty Bankers Life, Royal Neighbors, would be just fine with it.
Of course, this begs the question… why wait 3 years for full natural death coverage when you don’t have to, right?
Guarantee Trust Life will offer full coverage quicker than Lumico. Also, if you have systemic lupus, you can get first-day full coverage with Liberty Bankers Life.
SEE ALSO John Hancock Final Expense With Guaranteed Acceptance ReviewCompanies such as Liberty Bankers Life, Foresters, and Aetna will offer 100% percent, first-day full coverage for this condition.
Guarantee Trust Life will offer 50% death benefit coverage in the second year.
Thankfully, we can also secure your coverage for other conditions with many of the companies already mentioned, such as mental health disorders.
We can provide carriers with first day full coverage with companies like Liberty Bankers, Aetna, and Foresters.
This would be a three-year wait on the modified plan with Lumico.
While very competitive, Lumico’s policies that USA Family Protection Insurance Services offers have some tight underwriting issues that other companies like we offer would insure with less hassle.
In my opinion, you should only opt for a USA Family Protection Insurance Plan through Lumico if you can qualify for the preferred plan.
Looking at the fine print on the USA Family Protection website, it seems like they only offer coverage through Lumico.
This is a potential issue because when there’s only one carrier available, it’s highly likely that you could find a better plan elsewhere in terms of pricing and underwriting flexibility.
If you want to secure quality, final expense coverage for yourself or a loved one, make sure you compare all of your options. This is why I highly recommend that you seek help from our team at Buy Life Insurance For Burial!
We’re brokers, and we will shop various life insurance companies to find you the best deal in terms of coverage, pricing, and value for money.
And we do all this work for free! There’s no cost to you whatsoever. The companies pay us out of their pocket.
If you’re interested in finding out if we can help, call 888-626-0439 now, and one of our helpful representatives will be happy to assist you.
Or click here to request a free quote. We will get back to you within the next 24 business hours!
Thank you so much for reading! 🙂
Disclaimer: We are not in any way affiliated with USA Family Protection Insurance. In fact, we are a direct competitor of theirs. This article is our personal review of their offerings. If you are looking to contact USA Family Protection Insurance directly, call them at 855-201-8627.
David Duford is the owner and operator of BuyLifeInsuranceForBurial.com. He's helped over 1,500 people with their life insurance needs across the country. He is the author of 3 best selling insurance sales and marketing books, and helps insurance agents across the country help their clients with insurance needs.