Final Expense Life insurance will help ensure that your loved ones have the financial means to cover your burial costs when you pass away. Burial costs can be expensive and unexpected, and life insurance can provide peace of mind that your family will not be burdened with these costs during a difficult time. The average cost of a funeral today is between $8,000 to $12,000 depending upon which funeral home is used.
Additionally, life insurance can also provide financial support for your loved ones beyond just burial costs, such as paying off debts or providing for ongoing expenses. It’s important to consider your individual circumstances and needs when deciding whether or not to purchase life insurance. Many believe if they have money in the bank or a CD, or property that they will be leaving for the family is enough to cover final expenses costs.
Most forget to realize that most, if not all, of this could be tied up in probate court, and it can take 8 months or longer to close out probate. This will still leave your family to be responsible for the funeral costs. In fact, it is common practice now with many funeral homes that if the funeral is not paid upfront (unless there is confirmation by the funeral home that life insurance will pay this), your loved one will be held in a cooler until this money is paid.
No one wants this to happen to their families! Purchase the coverage that you know that you need & make sure your family is protected today! Contact our office today for your “Free Quote” for final expense insurance.