Having proper life insurance is one of the most important things that you can do for your family. It should be on the top of your to-do list. But, just like as your life continues to change, so will your need for life insurance.
Final expense life insurance is a type of coverage that provides funds for the cost of a funeral, burial, and other related expenses that are considered to be one’s “final expenses.” This coverage is sometimes referred to as “burial insurance” or “funeral insurance.” The face amount of this coverage is not typically high, with proceeds usually ranging between $5,000 and $50,000 per policy.
Life insurance in general is an important part of a good, solid overall financial plan. Certainly, by having the right type of life insurance, a decedent’s loved ones will be able to pay off debts, and continue their current lifestyle without future hardships and financial struggles.
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