Final Expense/Burial Insurance
Final Expense/Burial Insurance is designed to pay funeral and burial expenses at the time of a loved one's passing. Many Americans believe that Social Security will pay for their final expense needs, however the government only pays for those who qualify, a lump sum of $255.
With the high cost of funerals, the last thing anyone wants to think about after losing a loved one is paying for and planning final arrangements. Final expense insurance can help ease that burden by paying for many of the costs associated with funerals.
COSTS ASSOCIATED WITH FINAL EXPENSES INCLUDE:
- Cemetery Plot
- Embalming
- Casket
- Headstone and Engraving
- Funeral Service
- Wake/Visitation
- Transportation
- Flowers
- Obituary
- Legal Fees, probate costs
- Minister
According to the National Funeral Directors Association, a traditional adult funeral, including a casket and vault, carries a median cost of $8,343, and the additional expense of flowers, limousines, and obituary notices can add thousands of dollars to the total cost. Many funerals can run well over $10,000.
Financial responsibilities don’t disappear when you pass but are left as a burden for your family and loved ones to deal with.
Final expense insurance plans can also pay for non-funeral related expenses such as medical bills, a mortgage, credit card debt and loans or go directly to the beneficiaries as a legacy gift, tax free. The best part is there are choices that can be tailored to your individual needs and budget.
Plans Offer:
- Guaranteed issue even with pre-existing medical conditions
- No Medical Exams (based on answers to health questions on the application)
- Plans cannot be cancelled because of your age or health
- Your Premiums are generally guaranteed for life
Dealing with final expense insurance can be a tricky matter so call now for a quote, and we'll have you covered.
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