FINAL EXPENSES

In the United States, funeral and death costs can easily exceed $8,000 to $12,000, not including outstanding debts, medical bills, or other financial commitments.

Final expense insurance is essential to help cover these costs, preventing the family from having to assume financial burdens in a time of grief.

What are the main benefits of final expense insurance?

• Immediate financial relief for loved ones.
• Peace of mind knowing that expenses will be covered without having to go into debt.
• Simple process: These policies are usually affordable and easy to obtain, even with minimal medical requirements.
• Family protection: allows them to focus on their grief and not on financial worries.

Who should have it?

• Especially older people who want to leave everything organized in order to provide peace of mind to their children or family members.
• Adults of any age who want to ensure that, when the time comes, their expenses are covered without affecting their family’s financial well-being.
• People without large savings who are looking for an affordable solution to ensure financial peace of mind for their loved ones.
• Those who value planning responsibly and leaving a legacy of care and foresight.

What services does final expense insurance cover?

Although the services covered may differ among insurers, the following are generally covered:

• Funeral and burial expenses (Funeral or wake service, Casket or urn, Cremation or burial service, Body transportation, Headstone, flowers and other arrangements.
• Administrative and legal costs (Payment of legal procedures related to the death. Death certificate expenses).
• The beneficiary can also receive the insured amount in cash and decide how to use it.

What other aspects should be considered?

• Final expense insurance is a permanent policy, meaning it does not expire as long as premiums are paid.
• The insured amount is usually lower than in traditional life insurance (generally between $5,000 and $30,000).
• They require few medical requirements, making them accessible even to older adults or people with pre-existing health conditions.