Retirement Partners LLC Blog
Final expense insurance is meant to protect your family from the burdens of funeral, burial, cremation, and even medical expenses. In the later years of your life its much harder to qualify for affordable coverage, this is where final expense insurance comes in. In this article we go over 5 of the best reasons you should consider final expense insurance.
1. It funds Funeral costs
Funeral expenses average $8,000 to $10,000 and cremation is around $5,000. This is a huge burden on loved ones to come up with this much money in such a short time. Many families are un-prepared and leaving some money for your loved ones to pay for the funeral will provide relief for them.
2. It helps with Medical Bills
Any unpaid medical bills upon your death your loved ones are expected to pay. The funds from final expense can pay them off or at least help pay them off.
3. Pay off outstanding Debt
If you pass away and still have a mortgage or car payment or credit card debt this can pay those off too. For spouses loosing one income is hard enough but to loose that income and then still have debt makes it especially hard.
4. You Can Have Control of Planning Your Funeral
Figuring out what you want for your final wishes helps your loved ones out from making these decisions in a time when they just want to grieve. You can plan everything out for your family taking another burden off their shoulders.
5. Financial Support for Loved Ones
After you pass life still goes on for your family. They will want to take time off work to grieve. Without the steady flow of income the insurance can give them a cushion. The great thing about death insurance is that it doesn’t have to be solely used for funeral expenses. Your family can use it for whatever they need.
These are some of the best reasons to buy final expense insurance. Applying for a policy is easy and without medical exams. For most people no matter your health we can get you qualified.
Give us a call today to see how much you can qualify for!
Rob and Carrie Davies
We are licensed in WI, AR, AZ, CA CO, FL, IA, IL, IN, KS, KY, LA, MD, MN, MI, MO, MS, NC, NJ, NM, OH,OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, and WV.
Website by InsuranceSplash