Final Expense
Without question, end-of-life planning is the missing piece to the financial and retirement-planning puzzle. Clearly, nobody likes to talk about death or dying. In fact, the large majority of financial professionals tend to overlook and/or ignore having “the death conversation” as well.
Let's Look at the facts
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Someday, we will all die. Everyone knows a story about someone who died, whether it was expected or unexpected.
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Many people die much sooner than expected. Everyone knows a story about someone who died at a time that was “too soon”, and/or someone who died in a way that was completely unpredictable and unexpected.
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Someday, we will all need to plan a funeral. At some point in our lives, whether directly or indirectly, we will all be faced with the difficult emotional and financial decisions of planning a funeral.
One of the main reasons that you will want to make sure you purchase final expense insurance is to give your family money when you pass away. You will need to make sure that your family can pay for things like your burial and your funeral.
If you already have money saved up for these items, having this type of coverage might not be that important. For those who do not have the money saved up for these items, having this type of coverage will be imperative.
If you do purchase this type of coverage, you will also be giving yourself a little bit of peace of mind. It would be nice to know that your family will be taken care of when you pass away, even if just financially.
If you purchase a final expense insurance policy, you can be sure that your family will be taken care of the way that you want them to. This will be very important since you will no longer be there for your family like you would want to be.