Like everything today, funeral costs are rising. It’s not uncommon for funeral costs to run tens of thousands of dollars, potentially leaving loved ones with a heavy financial burden in addition to a heavy heart. Without being prepared for these expenses, many families become financially stressed when trying to pay these expenses, and many often go into debt trying to properly grieve for their loved ones.
Final expense coverage takes care of these and other costs so that you don’t have to worry about leaving your family in financial distress. Additionally, final expense coverage allows for you to try to avoid having to liquidate assets, such as stocks or bonds, at inopportune times. Or it can simply compartmentalize the costs that will inevitably arise, leaving the balance of your assets transferable to your heirs.
Final expense coverage offers easy qualification and a streamlined application process. No invasive health examinations are necessary — only a few health questions on a one-page application. Most people get coverage, even with health issues. Family support services may also be available with this coverage.