Funeral & burial insurance, or final expense insurance is a type of life insurance that covers your funeral and burial costs and sometimes any debt or outstanding expenses you may leave behind. If you have enough coverage your family will be able to pay for your funeral and burial, which can cost $10,000 to $25,000 and possibly outstanding mortgage payments or medical bills.
Death is a difficult event for any family to deal with and can be even more stressful if your family has to worry about paying for your funeral or left over debt. Final expense insurance can relieve your family’s worry over finances while they are grieving their loss.
While it is difficult to consider, evaluate your family’s finances and think of what may happen to them if you were to pass away. Would they be able to afford the costs of your final expenses? Would they be able to continue living comfortably financially? An investment in funeral and burial insurance can help to ensure that you answer “Yes” to those questions.
Although it is unpleasant to think about what may happen to your family in the event of your death, it is important to plan ahead so that you don’t place a financial burden on your family members. Without final expense insurance, could your family pay the hefty price of your funeral and burial costs? What about your outstanding expenses?
If you don’t have answers to these questions, you should look in to getting funeral and burial insurance to ensure your family’s financial stability when you’re gone.
To protect your family from financial hardship today, fill out the form to the right and receive a free quote. A certified insurance agent will contact you to help you get the right coverage at a price that best fits your needs.