According to the National Funeral Directors Association, the average cost for end of living expenses in California averaged around $9,000 in 2015. This can be a financial burden to the family who also has to deal with the end-of-life event planning and bills.
Final Expense insurance can be a good way to protect your assets and provide funds for your loved ones in their time of grief. With a little planning, it is possible to provide your family with funds to help cover end of life expenses, leaving them free to concentrate on caring for each other and honoring your life.
Final Expense insurance will help cover your expenses after you have passed, including your funeral costs, medical bills, even your credit card debts. These policies are state regulated and designed to pay the benefit to the beneficiaries much faster than traditional life insurance policies.
Features of Final Expense Insurance (Varies Depending on Insurer)
– Underwriting requirements are less than that of traditional life insurance. Everyone qualifies.– Helps pay for funeral, burial, immediate living expense, and short term financial obligations
– Typically provides $2,000 to $40,000 of death benefit coverage
– No Medical Exam Necessary
– 100% Portable, can be used with any Funeral Home.
– No waiting period
– Benefits pass tax free to your beneficiary.
– Easy way to transfer assets to your beneficiary
Each situation is different, so it is important to determine the right amount of coverage for your specific needs. Final expense insurance is a necessity to prepare for the inevitable. Give yourself and your loved ones peace of mind today. Contact me for a free, no obligation quote.
And for a limited time you can become a member in Legacy Safeguard, free of charge, by simply meeting with me. Legacy Safeguard offers many legacy planning and end of life planning benefits designed to help protect your legacy. At the time of need, Legacy Safeguard will provide your family an advocate to guide them through the entire planning process and help them make informed decisions about how to use the funds that are available to pay for your final arrangements. For more information, visit www.legacysafeguard.org.
