The Big Benefits OF Final Expense Insurance

The Big Benefits OF Final Expense Insurance

The end of life is an inevitability for all of us, and while this isn’t a topic that many like to talk about, it can be a big concern in terms of cost. Funeral costs have been consistently on the rise for many decades, and after a person is gone, that financial burden falls on the family still coming to terms with the loss of a loved one. With funeral costs ranging between $7,000 and $10,000, families can quickly go into debt trying to plan a funeral for a loved one, but they don’t necessarily need to.   

Final expense insurance can help to alleviate the financial stress associated with funeral costs and more. 5 benefits of final expense insurance are:  

Fast payment

With the average life insurance policy, final expenses are reimbursed rather than paid for. What this means is that the family will still need to incur these costs, and in the weeks to months after a death certificate is issued, will eventually receive payment to reimburse money spent and pay off any debts. With final expense insurance, one doesn’t have to wait for the death certificate and subsequent insurance claim, and funeral and final cost payment can be received as quickly as 24 to 48 hours post-death.  

Plan the funeral you want

In most final expense insurance plans, you’re given the ability to choose your funeral home, choose your funeral type, and truly make the experience one that is a celebration of life for a loved one. With final expense insurance, families are provided peace of mind that all of their loved one’s wishes are able to be met without incurring debt.  

Not medically based

While many life insurance plans are based in part on medical history, final expense insurance typically is not. Some final expense insurance plans may not only ignore medical exams but ask no medical questions either.  

Can pay directly to the funeral home

While under stress following the death of a loved one, cutting checks and making payments may be the furthest thing from your mind. Some final expense insurance policies can be arranged directly with the funeral home or director, making direct payments so the family has one less thing to be concerned over.  

Covers all funeral expenses

Final expense insurance not only covers funeral home and burial costs, but all costs associated with end-of-life. Medical costs, flowers, transportation, and even a funeral luncheon can be taken care of with a final expense insurance policy. 

Preparation For Peace Of Mind  

Our final expenses are typically our last big cost in our lives, and it’s a cost that’s not usually incurred by us. The average middle-class family struggles to come up with the necessary costs associated with a funeral without going into debt, and final expense insurance ensures they don’t have to. If you’re interested in learning more about the solution of final expense insurance, contact Living Legacy today.  

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