While it might not be pleasant to think about the end of your life, it is something you should spend a little time planning. You don’t want to leave others having to pay for all of the expenses that come with death. Final expense life insurance makes sure that when you are gone there will be enough money to handle mortuary expenses, public notices, cremation or burial and other related costs. Since this insurance is for only a limited purpose, the premiums may be very affordable.
Funeral expenses can range anywhere from $5,000 to $20,000, with burial, coffin and headstone costing a few thousand more. Leaving this expense to others can be a huge burden for them to bear. It is much better to be prepared for this moment and cover the expenses yourself with adequate insurance. You don’t want to saddle your survivors with a large expense.
Final expense life insurance also makes sense for a spouse, children or parents. It can take the worry out of paying for a funeral at a time when there are many other things to think about. This targeted policy allows everyone the ability to mourn a loved one without having to deal with complicated financial matters. It is a convenient way to make sure there is enough money in the end.