Final expense insurance is an insurance policy used to pay for funeral services and a burial when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.
Why do you need FINAL EXPENSE?
* An average funeral costs between $6,000 and $10,000.
* Social Security will pay a special one-time payment of $255 to qualified dependents.
* The Veterans Administration will only pay $300 for burial and funeral expenses if you qualify.
* There are no guarantees your current assets will still be available because of end of life expenses such as hospital and nursing home care.
How can final expense planning help your loved ones?
* Allows you to plan now for an expense that you are guaranteed to have sooner or later.
* Provide needed cash for other financial obligations.
* Allows you peace of mind knowing that your death will not be a financial burden on your loved ones.
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