Protect your loved ones from financial hardships.
Learn about final expense insurance.
Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. There are also many expenses associated with death that can, on average, exceed $8,500.
Without a final expense life insurance policy, families may have a hard time coming up with these funds quickly. Final expense life insurance can help prevent families from having to withdraw from their savings or sell precious assets to come up with the necessary funds required to bury a loved one, or worse, asking for donations.
In 2014, the average funeral exceeded $8,500. In most cases, a basic funeral service will include a memorial, death certificates for the deceased, and housing the remains. In addition to those costs, there are also charges involved for goods and services, such as transportation, preparation and embalming, use of the funeral home, a casket and headstone, a burial plot, gravesite, the burial service, or alternatively, cremation. There may also be additional costs, such as flowers and the printing of memorial cards.
Social Security only pays a lump sum of $255 for those that qualify.
All situations are different, so it’s important to determine the right amount of coverage for your specific needs. Working with an experienced agent can help you come up with the ideal plan for your needs and family.
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