The death of a loved one is always a difficult time, and dealing with finances and trying to find the right funeral options can further add to their family and friends’ anguish. It takes the burden away from the family.The Benefits of Final Expense Life Insurance Final expense life insurance is designed to address these high costs and provide coverage for those who may not have the means of paying for a funeral out of savings. While it is less expensive than a burial, it still costs an average of $6000. Many families choose to opt for cremation. This is a significant amount for a grieving family to worry about. Who Should Buy Final Expense Life Insurance?Īccording to the National Funeral Directors Association ’s recent statistics, the average funeral costs in 2017 are between $7,000 and $11,000, which can include the services at a funeral home, but may not include burial in a cemetery or the installation of a headstone. Read on to learn more about who would be benefited most from this type of coverage.
Final expense insurance is also referred to as burial insurance or funeral insurance. Final Expense Life Insurance is designed to provide financial peace of mind to family members by helping to take care of end-of-life expenses that come with the death of a loved one – whether it’s the medical bills from hospice care or the costs to provide for a proper funeral and burial. The last thing you want your family to worry about is whether they have the money to pay final burial expenses. Losing a loved one is a difficult, stressful, and emotional experience. Ease the Burden on Family Members: Final Expense Life Insurance October 27, 2017
0 kommentar(er)
