The following is for educational use only. This material is not intended to replace any tax, financial or legal advice. The reader should obtain personal counsel before implementing any methods described herein.
This type of insurance can provide a sense of financial security for you and your loved ones, ensuring that they are not burdened with the costs associated with your final arrangements.
By planning ahead and considering final expense insurance, you can ease the financial strain on your family during a difficult time.
According to Forbes: "A 2021 study from the National Funeral Directors Association shows the median cost of an adult funeral with viewing and burial is $7,848, up 6.6% from 2016. The median cost of an adult funeral with viewing and cremation is $6,970, up 11.3% from 2016." Those costs are only expected to go up!
Here is a few expenses that can be covered by a final expense insurance payout for beneficiaries:
Additionally, the payout can settle any debts you may have upon your death.
The following is for educational use only. This material is not intended to replace any tax, financial or legal advice. The reader should obtain personal counsel before implementing any methods described herein.
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The information on this website is for educational use only. This material is not intended to replace any tax, financial or legal advice. The reader should obtain personal counsel before implementing any methods described herein.
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