It’s true that death is an inevitable part of life, and discussing it can be uncomfortable for many people. It can be an awkward and painful conversation to discuss… continuing life without those we love.
However, it does make sense to plan for the future and for an event we know will happen sooner or later. And it actually can provide some peace of mind, knowing that you took the time to think about it so your family does not have to worry about it or figure things out after you’re no longer there.
Life insurance is one of those basic financial pillars that can make things easier for your family and can provide financial support to the family left behind. Nothing can ever take the place of the person who is gone, but insurance can ease the burden of the family to say their goodbyes and pay their respects in a way that provides comfort for those left behind.
At Legacy Partners Financial Network, we offer the best final expense insurance plans to meet the unique needs of every individual. We have partnered with dozens of A rated insurance companies so we can customize and pick the company and product that suits your age, health and needs the best, so it allows you to utilize the most valuable thing, time.
Final Expenses are not just the plot or cremation. It is not just what happens on the day of the funeral. Final Expense Insurance can take care of medical bills, provide financial means for the family to travel in to say their goodbyes and take care of those final bills that can come at the end of every life. It can make up for loss of income from social security and it can also cover the mortgage or rent payment for several months allowing the family time to figure out their new situation. It can help cover any debts that may be outstanding and it can help cover the cost of probate. Probate is the legal process everyone goes through after death, it is the process through which your assets will be distributed among your dependents. When you are not around to protect their interests, the final expense insurance can pay probate fees to ensure your assets are passed over to your family so that way you know your family will not be stuck with any unnecessary burdens.
Final Expense Insurance is a benefit that is paid out directly to your family. This means that your family will have discretion on how to divide the insurance benefits paid out to them. Keeping the control with your family and not the funeral home.
Our plans can provide coverage for those who are healthy and fit all the way to current or recent cancers or heart attacks or any other health issues. We are able to help provide protection up to the age of 89
Final expense insurance provides a lump sum of money that covers the funeral expenses of the policyholder. This means that your family will not face those unnecessary financial struggles to pay for the costs to provide a final resting place, whether that is through a burial or a cremation or a celebration of life. It will allow your family the ability to mourn and remember you as you were as opposed to worrying about finances.
Over the decades, much like the costs of daily living has risen, the costs of burial has also risen. The average cost of a funeral can vary significantly based on location and the specific arrangements chosen. Studies have revealed that the average cost of a funeral in the country ranges from $7,000 to $9,000. When buying final expense insurance, you can account for everything that is needed to have a funeral. This includes; the casket, flowers and decorations, burial plot, urn and other related costs.
The plans have premiums that are locked in, meaning they will never increase and your coverage will never decrease. Unfortunately, a lot of people think that the coverage they have will do exactly that, but that is not always the case. It is one of the most important financial safety nets you will create and it is something people get, put in a drawer and never look at again. It is hard to remember what we did 5 months ago, let alone 5 years ago. Reach out to one of our specialists for a review. Ethically, morally, legally, we will help you see in black and white what you have and have a discussion of if that plan continues to be the best thing for your family. If it does, you have the benefit of knowing your family is protected and if it is not quite what you remember, you have the benefit of being able to have a discussion to try and solve the problem
The biggest cost components in a burial is the burial plot, the casket and the basic funeral services. A metal casket can cost around $2,400 while basic funeral service costs are $2,100 and a plot can range from $1,000 to $4,000 depending on the city and if it is a private or public cemetery. Smaller costs can add up for the family and include; the embalming service $725, the printing of the memorial $160, a hearse $325, facilities and staff for the event $500, as well as facilities and staff for the viewing $425.
Many people now opt for a funeral service with cremation because it is a little bit cheaper. The total cost of a funeral and cremation package is around $6,000. Most costs will remain the same since there will still be a viewing of the body and use of facilities during the funeral service. The cost savings will be because the family will not need a casket or burial plot or need to cover the opening and closing of the grave.
Knowing and understanding all these costs can help you choose a suitable final expense insurance plan that fits your needs and your budget.
We believe in putting the client first. We understand that you are providing a service and benefit to your family that you do not get to see in your lifetime. This is a gift you are able to provide for your family and we are determined through our extra value added services to help your family as if it was our family.
We have a network of agents spread across the entire United States to service families and deliver quality service at the time you take out the policy and through the approval process as well as during the most difficult times, whether it is due to sickness or death.
Need help choosing products and services to pursue your financial goals? Our financial professionals are standing by with the insight and tools you need to put them within reach.