Get Final Expense
Coverage Easily

Phoenix Remembrance Life

Whole life final expense insurance with living benefits

Happy older couple smiling after buying final expense insurance

Do you want to ease the burden of paying for your final expenses?

Your family could face significant costs when planning for your funeral and paying other bills you may have incurred in your last few years. A final expense policy may be a good solution to help reduce financial strains at the greatest moment of their grief.

Our Remembrance Life offers a convenient way to get any coverage you may need, while also extending valuable living benefits at no extra charge. Your death benefit will never change from time of issue unless you take a loan or cash out the policy.

Extra benefits

In addition, at no extra charge, we offer extra benefits,
a critical illness, terminal illness, and accidental death benefit rider

Living benefits for serious illnesses

Serious illness rider

The critical illness and terminal illness riders will allow you to take a portion of your death benefit early in the event you become seriously ill. Though the estimate continues to be refined by researchers, a generally accepted fact is that a person on average incurs 25% of all Medicare costs in their last year of life.1

Accidental death benefit

Ambulance accidental death

We also offer an accidental death benefit rider at no additional charge. This will pay your beneficiary an additional lump-sum amount equal to 100% of the lump-sum death benefit policy if your death should occur by a covered accident. To be eligible, you must be under age 65 at the time the policy is issued. This benefit ends when you turn 75.

Available coverage

We offer between $10,000 to $100,000 in coverage to individuals between the ages of 30 and 80. We determine age based your age at your last birthday. The amount of coverage decreases by age and is available only in certain states. See the table below for the exact amounts. Some carriers offer graded death benefits in which you must wait several years to receive full coverage. In contrast, our policy offers full coverage from the first day of issue.

Insured's Age Available Coverage
30 — 59 $10,000 — $100,000
60 — 69 $10,000 — $75,000
70 — 80 $10,000 — $50,000

Purchase at your pace

Apply easily for final expense insurance
  • Easy and fast process to get coverage
  • Real people to ask questions
  • Great customer service
  • Direct from the insurance company
  • No pressure to buy

Simply answer the questions on our short application. We use a data-driven approach to make the process as quick and easy as possible.

Applying online will take approximately 15 minutes. You may need to schedule an appointment with an agent over the phone or speak with someone from our company to answer a few additional questions.

We try to process all applications within three to five days. If it will take longer, we will do our best to promptly let you know.

How our final expense coverage works

happy 3 generation family

Leave a death benefit for your family. Upon the insured’s death, the policy beneficiary will receive a lump sum, tax-free death benefit. They can use the payment for any purpose.

Car accident death memorial

Get extra coverage for premature death. Your beneficiary will receive an additional lump-sum amount equal to 100% of the lump-sum death benefit policy if your death should occur by a covered accident.

serious illness xray

Pay expenses in case of serious illness. Two accelerated death benefit riders will allow you to take a portion of your death benefit early in the event you become seriously ill. If you accept the benefit offer, you will have a lower death benefit and your future premiums will be reduced.

Frequently Asked Questions

We pay the policy death benefit in a lump sum. If you die while the policy is in force, we will pay the policy death benefit to the policy beneficiary you name.

This is upon receipt of proof of death and any other satisfactory information we may require to determine liability, subject to applicable provisions of the policy. Your beneficiary will usually receive a check within 30 days.

If you die on or after the date we receive a written request from you to surrender the policy, no death benefit will be paid. In that case, we will instead pay the amount payable under the surrender provision instead. Any outstanding policy debt at the time of your death will be subtracted from the face amount to determine the policy death benefit amount that is payable.

We will pay interest on any policy death benefit in a lump sum from the date of death to the date of payment. The interest rate will be that which we are paying for funds left on deposit with us as of the date of death.

Your policy can be cancelled if you fraudulently applied or failed to pay the premiums. Material misstatements during the application or reinstatement process can also result in cancellation. Please note that this policy cannot be disputed after it has been in force during your lifetime for two years from the date on which we issued your policy. Sometimes we may restore a policy that has lapsed, perhaps due to unpaid premiums. In that case, your policy can't be disputed after it has been in force during your lifetime for two years after we reinstate the policy.

Yes. Only during the two-year period, as described above, we may rescind the insurance or deny a claim on the basis of:

  • A material misstatement in the application for this policy; or
  • A material misstatement in the reinstatement application if there has been a reinstatement of this policy

Yes. You can borrow against the Remembrance Life policy. The policy has guaranteed cash values which are available for loan. However partial withdrawals are not available on this contract. Please note that any loan will reduce the cash value and will be subtracted from the death benefit upon payment to your beneficiary.

Yes, but only under certain circumstances can you cash out of your policy. Prior to your death and while this policy is active, you may request, in writing, to surrender the policy for its cash value. We will process the request and pay the cash value as long as we have not received proof that you died prior to the date of your request to cash out the policy.

If we receive proof that you died prior to the date we received your written request to surrender the policy, we will pay the death benefit. The written request must be in a form satisfactory to us, and include a release and surrender of all claims under this policy signed by you, any designees, and any approved beneficiaries. It must also include any tax withholding information that we may reasonably require. If there is a rider to this policy where there is an approved beneficiary, we may require their written consent on the surrender request.

When you die, your beneficiaries will receive the value of your death benefit.

Your beneficiary or beneficiaries technically have no time limit to collect on your valid life insurance benefits, as long as the policy was in force, all premiums were paid, and all information on the policy was truthful and accurate.

A lump-sum death benefit from an insurance policy is generally not taxable, but any interest is typically taxed. Your beneficiaries should consult the IRS and their tax professional for more information.

Plan for Your Final Expenses


Important Disclosures

Phoenix Remembrance Life (12FEWL and ICC12FEWL) is issued by PHL Variable Insurance Company (PHLVIC) (Harford, CT). PHLVIC is not authorized to conduct business in Maine or New York. PHLVIC is a subsidiary of Nassau Re.

Nassau Re® is a registered trademark by Nassau Reinsurance LLC.

Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% tax penalty may also apply.

Guarantees are based on the claims-paying ability of the issuing company

Product features, rider options and availability may vary by state. Please consult with a financial representative regarding features and availability in your state

Administrative charge will apply upon rider election. The policy death benefit will be reduced when rider is exercised. Rider benefits are not long-term care. See product brochure for additional details.

Guarantees are based on the claims-paying ability of the issuing company. Product features, rider options and availability may vary by state.