Author: Ken Sutton
If you have experienced the passing of a loved one or have ever researched the cost of a funeral or cremation you already know it can be extremely expensive to be buried or cremated. Most families don’t have $5,000 to $10,000, or more, laying around to pay off a funeral bill. An unexpected death can cause thousands of dollars of debt on top of the emotional struggle. The Federal Trader Commission Consumer Information has an extremely detailed breakdown of these costs.
Final Expense Life Insurance gives you an affordable option so you don’t have to worry about the financial burden you would be leaving to your family without the proper burial insurance in place. So… how much is it?
It is all dependent on where you qualify. Talk with an agent to find out exactly how much coverage you can apply for and how much it will cost. There are policies that you may qualify for for up to $40,000 in coverage. These plans have a locked in rate, the price never goes up and the coverage never expires. Also, you may qualify for coverage that starts right away, no waiting period.
Even if you decide not to apply, at least talk with an agent to figure out what your options are. It will help you prepare and make an educated decision to protect your family from the cost of your final expenses.