Can a Felon Get Final Expense Insurance? Yes! Here’s Why

Yes a felon can get final expense insurance. The timeline, probation or parole status of your previous felony determines if you may eligible for a level or graded death benefit plan. It is crucial to work with an independent broker like us to shop the market to see your potential for obtaining day one coverage. We are going to explain how carriers generally view it and typical time lines.

How Carriers Evaluate When Can a Felon Get Final Expense Insurance

Life insurance companies offering burial insurance to a felon are concerned mainly about the risk your previous felony offense possibly presents to them.

In other words if you committed a felony and have recently been released from incarceration the company is worried about re-peat offenses.

This is why we are going to explain the time line issue in a bit. The point is the longer you go without re-offense, the more you prove you are an upstanding citizen that just made a simple mistake in the past(no judgement from us!).

That is overall how final expense carriers view criminal history they just want to see a favorable track record.

If you have felonies for substance abuse or DUI’s etc. this is a massive red flag to a life insurance company because they see your mortality being affected.

A person with DUI felonies shows they could potentially suffer a fatality in a car accident. That is the kind of risk life insurance companies try to stay away from.

The same reasoning can be applied to other types of felonies(substance abuse, violent crimes etc.). Final expense carriers look at your age, health, life style, gender and tobacco usage.

If your lifestyle looks reckless to them they would look at you as a high risk applicant to insure.

Timeline is What Matters Most for a Felon to Get Final Expense Insurance

Here’s the good news, timeline is a major factor to many life insurance companies offering burial insurance. There are many companies that can potentially offer day one level coverage to felons that have been over 2 years without another offense.

That means your chances of getting day one level coverage(cheap premiums) are extremely high.

Now it all depends on the company, some companies want it to be over 5 years, no current parole or probation etc. and some will flat out deny felonies.

Level Plans

This is the gold standard for funeral insurance, a level plan is the type of plan that offers immediate coverage payouts. If you apply with a company that looks at your felony favorably after 2 years this is the coverage you could get depending on the carrier.

Graded/Modified Plans

Now if your felony happened within 2 years you are most likely to be offered a graded or modified plan. This means the policy will payout gradually(depending on the carrier).

An example could be the plan paying out 50% after year 1 and 50% after year 2(payouts differ among carriers).

Current Parole/Probation

Now even if its been over 2 years some carriers will still potentially offer a modified or graded plan if you are on current probation or parole.

This is why working with us is crucial to your situation because our agents are trained to shop the market for you among several different companies to try and find you a level plan.

If our agents cannot find you a level plan they’ll tell you so and pivot to the best modified/graded plan we have available.

Working with an Independent Agent Like us Matters Most

Work with us to secure burial insurance for your family. We are independent brokers which means we have access to several major carriers nationwide to shop the market for you.

Our agents are trained to look for carriers that are favorable to felonies from over 2 years or 5 years ago.

This allows them to make the best recommendation from the companies we represent for level coverage. If you go directly to an insurance company or call some random company from a TV commercial they are limited to just one brand or product.

We have access to several companies and products which increases your chances of finding the right coverage for you much higher.

Get Final Expense Insurance with a Felony Today

Use the quoter to the right of this page to look at quotes from the different companies we represent and get in contact with us today!

You can get final expense insurance with a felony and working with us increases your chances of getting high quality coverage!