Which Final Expense Insurance Policy Is the Best for Me?
If you have found yourself concerned about funeral arrangements, burial costs, and end-of-life debt – whether they are imminent or far in the future – it may be time to consider final expense insurance.
Peace of mind for yourself and your family during a difficult time is priceless — but as you shop around for different policies, keep an eye out for options that are proven to be trustworthy.
What Is the Best Life Insurance for Funeral Expenses?
Funerals are expensive – plain and simple. Despite the cost, celebrating the life of a loved one is an important ritual. Family members often end up paying the high fees of a burial to pay their respects. We often see family and friends set up a local fundraiser, such as a Go Fund Me.
The average funeral is around $8,000. With upgrades, the cost can balloon to $16,000 or more. There’s a lot of variation in pricing, which will depend on the wishes of the deceased and their family.
Most of us don’t have that kind of money lying around. According to the Federal Reserve, 39% of Americans don’t have enough cash on hand to cover a $400 emergency, let alone an $8,000 funeral.
That’s where final expense insurance comes in. There is no all-around “best” final expense insurance for funeral expenses. However, it’s essential to ensure that your wishes for your funeral align with your insurance policy.
The best policy for you will always depend on your age, health, and physical location.
Insurance can be tricky, especially when it comes to unique products like final expense insurance.
It’s scary to prepare for the worst-case scenarios in life, but coverage allows you to feel peace, knowing that your family will be secure when the time comes.
Mintco Financial has been helping many seniors get a Final Expense Policy in Florida. Through their site you can compare among many companies. Go to www.MintcoFinancial.com
Under seniors life insurance you can compare rates and get the best rate for your budget.
or email email@example.com for a quote.