Final Expenses
Final Expense Insurance, also commonly called Burial Insurance, is a whole life insurance policy that is designed to pay off the expenses families face upon the death of a loved one. This type of insurance ensures that your family is not saddled with debts that can be financially troubling after you pass.
Final expenses can include medical expenses, funeral or memorial services, and price of burial or cremation. The average burial in the United States costs approximately $9,000, and that does not include funeral or final medical expenses. You can protect your family now from facing these expenses alone with affordable final expense insurance.
Why Do I Need Final Expense Insurance?
Most of us will eventually need to pay for final expense insurance. If you don’t have extra funds to set aside in savings for these eventual costs, your loved ones may struggle to come up with the money needed to give you the service and burial that you deserve.
In addition, leaving behind large debts can be a significant burden on family members upon your passing. Final Expense Insurance enables families to properly grieve their loved ones without the burden of unplanned costs. Thankfully, final expense insurance is an affordable whole life insurance plan to help with these problems.
Already have your final expense covered?
Perhaps you may wish to invest in a whole life insurance policy to leave a little something to your children or grandchildren. A policy like this is permanent and can be a great way for you to leave a family legacy.
Advantages of Whole Life or Final Expense Coverage
- Permanent protection over a lifetime
- Premiums don’t increase as you grow older
- Helps protect loved ones from debts or out of pocket medical expenses that you may leave behind
- Tax-deferred cash value that builds over time
- Affordable premiums customized to fit any budget