Although death is not something that people like to think about, it is a most definite certainty. It occurs to everyone eventually, and so there really is no getting around it. This means you have to prepare properly. One part of this preparation is ensuring that your family and friends do not go through a difficult financial endeavor to cover the cost of your funeral by obtaining final expense insurance. This type of insurance offers an easy payout after you pass away so that your funeral expenses will be taken care of. Funerals can be extremely expensive and so figuring out a way to cover its costs in a short amount of time is not the easiest thing to do, especially when your friends and family are going through their grieving process. Below are five reasons why you consider final expense insurance.
1. Gives Your Loved Ones a Quick and Easy Payout
Death is at times an unexpected event. This means that funeral expenses can also be an unexpected burden on your family. Instead of forcing them to chip away at their savings account or take out a loan, funeral insurance will give your family a quick and easy payout so that you can easily cover the cost of your funeral. Depending on the policy, your family could receive as much as $30,000 to cover your funeral.
2. Eases Emotional Turmoil for All Involved
Organizing a funeral while grieving is a tricky enough situation as it is, your loved ones should not have to do so while also figuring out how to cover thousands of dollars’ worth of funeral expenses. Doing so can be overwhelming on top of everything else. Although having final expense insurance will not ease the heartbreak that death causes, it can take away the stress that comes with funding a funeral.
3. Allows You to Make Plans for Your Funeral
Although some people do not care about how their funeral ceremony takes place, others would rather plan their funeral themselves down to the very last detail. Many decisions go into a funeral, such as whether you want to be buried or cremated or whether you want to be compressed into a diamond or have your remains fertilize a tree. Final expense insurance allows you to have the type of burial and funeral that you wish so that you can rest in peace the way you please.
4. Gives you Peace of Mind
The mere fact of knowing that your friends and family will not have to fork over money at your expense can be the only reason you may want to consider a final expense policy. Funerals are costly, and people usually have the pay for them in a very short amount of time and at little notice. More likely than not, your loved ones just don’t have that sort of money lying around, and it is not something you want them to have to spend their hard earned savings on. By making affordable monthly payments for your final expense insurance, your family and friends will not have to stress about finding the money to cover your funeral.
5. Applying is Very Easy
Obtaining a final expense insurance policy is easy. You have a range of option to decide between such as a policy that gives you a quick payout for as much as $30,000 and requires you to pay 10 percent of your premium every three years. The application process for final expense insurance is also very simple, as it only usually takes a few clicks of your mouse to apply. It also does not require you to have a mountain of paperwork and documents to qualify.