“Death smiles at us all, all a man can do is smile back.”
― Marcus Aurelius, Meditations
Death may be inevitable, but worrying about it doesn’t have to be. One of the best ways to feel more at peace about the thought of death is to make sure your final expenses are taken care of ahead of time. Currently, the average cost of a traditional funeral is between $7,000 and $10,000. Even if your final wishes are to be cremated, have your body donated to science, or have your body left unclaimed (which is what can happen when there is no money for a funeral), you may still leave behind final expenses like probate costs, medical costs or unpaid bills.
Don’t leave anything to chance. Explore final expense coverage now to ensure your wishes are carried out. Final expense carriers offer a variety of coverage options. Coverage is usually easier to obtain than traditional insurance, and you can get it even if you don’t have any other type of insurance.
When shopping for final expenses coverage, you will need to consider how the payout will be made and what will be covered. The beneficiary of a final expense policy can be the funeral director or another designated individual. If you choose to pay the funeral director, make sure you determine in advance exactly what they will provide. If you choose a different individual, make sure they are responsible enough to spend the money as you dictate. They will usually receive a lump sum and can allocate funds as needed. You can obtain some policies without a medical exam, but those may also cost more.
Final expense carriers can help you get the right coverage to suit your budget and needs. Executive Resource Insurance Network Inc. is skilled at matching individuals with the right coverage and carriers. Contact us to find out how we can help you achieve peace of mind.