Why You Should Consider a Final Expense Policy
Most of us don't like to think or consider the need to prepare for our funeral and burial; however, covering these expenses is an important part of planning your estate. Final expense insurance gives your family the financial resources they need when the time comes. Along with preparing a will and drafting advance health care directives, you should decide how your final expenses will be paid. Final expense insurance provides an affordable way to provide for these costs, without leaving that burden on your loved ones. While a traditional senior life insurance policy can provide funeral and burial coverage, final expense insurance policies have a lower face value than standard life insurance plans. You can purchase a final expense insurance policy with a coverage limit of just a few thousand dollars, enough to pay for a basic funeral service, casket, burial and cemetery plot. Term or whole life coverage, however, generally begin at $10,000, an amount that may exceed your needs....