Final Expense Insurance

Final expense insurance has become a viable alternative, for many families, to traditional life insurance policies.

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People buy life insurance for many different reasons. For some, it’s to pay off debt, for others it’s to pay estate taxes, and for still others it’s to replace lost income if the breadwinner passes away. In nearly all cases, funds are needed to pay the decedent’s final expenses.

This can include the cost of a funeral, as well as the related expenses. Today, the average cost of a funeral in the United States can exceed $10,000. When factoring in the price of a casket, headstone, and burial plot, along with the actual funeral service itself, the cost can really add up.

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Unfortunately, the balance of this cost is oftentimes due at the time of service. Yet, many families simply do not have this amount of money available to pay. Because of this, loved ones may be forced to put these exorbitant expenses on credit, or alternatively, they must dip into savings in order to pay the price. In other cases, personal assets or possessions must be sold – often at below market value – just to raise the funds. The good news is that there is a better – and less expensive – way to cover the cost of a loved one’s final expenses. This is with final expense insurance.

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Below are some frequently asked questions.  Take a look at the questions and answers.  Give us a call at (245) 235-3901 to discuss any questions you might have and let us sit down with you for a FREE visit about your options.