One of the most common policies people choose to buy is life insurance. However, the problem with life insurance is that only after paying the requisite premiums for several terms will your beneficiaries receive the benefits after your demise.
On the other hand, final expense insurance is a type of insurance that is thought to be a scaled-down counterpart of life insurance. Here's a quick breakdown of five reasons you should get final expense insurance.
When a family member passes away, loved ones often see the obligation of burial and funeral rituals as a final opportunity to show their affection. Buying final expense insurance makes it easier for your grieving family to prepare for your final rites without worrying about the finances.
After purchasing final expense insurance, you won't have to worry about whether your funeral service will reflect your personal values or how your final remains will be handled. You can share your thoughts and ideas with your trusted beneficiaries via these prepaid plans and insurance policies.
Two of the most important components of executing your burial and funeral ceremonies without a hitch are planning your financial and practical considerations. So, in such critical moments, all you have to do to help your family prepare and get a funeral or final expense insurance policy. This type of insurance gives you a head start and allows you to plan for your final expenses.
No one has the strength to capitalize on the existing money or even consider what to do next in times of sadness and grief. It is more convenient to plan your final expenses than to wait for your loved ones to save money for your funeral and burial services. The insurer hands out the proceeds to the family as soon as the insured passes away, allowing them to make urgent preparations.
The average funeral cost is roughly $6,000 and can go up to $11,000, depending on where you live. Expenses include the services of a funeral director, a headstone, embalming, a casket, a gravesite, and grave digging. Final expense insurance can help cover some of the high costs associated with burial and funeral services.
While death is inevitable, you can prepare in advance for your last rites, thus saving your loved ones from the added stress of making last-minute arrangements. Get in touch with our team at Liberum Insurance to learn more about life insurance or final expense insurance benefits and get customized coverage for your unique needs today.
Liberum Insurance is an Independent Agency. We have access to top A-rated carriers so we can provide great coverage at competitive rates. Our priority and fidelity are to our clients first.
