Final Expense Life

A thoughtful way to help your loved ones cope with your death is to preplan your own funeral with final expense insurance.

Although it is hard to visualize our own passing, preplanning our own funeral can help your loved ones to cope with their loss.

Since final expenses are your obligation, it is natural to prefer that you plan your own funeral, instead of burdening others.

This thoughtful act can provide you with a sense of completeness, peace of mind, and security.

The purchase of final expense insurance will guarantee that your preferences will be honored.

By making decisions concerning funeral arrangements and purchasing an individualized product called final expense insurance, you can provide your family with time to properly grieve.

And by providing your loved ones with the gift of time, they will not have to make quick financial decisions.

It is common knowledge that grieving loved ones do not usually make the most informed choices.

Therefore, a final expense policy will give you the power to make all the decisions concerning the products and services, instead of forcing someone else to make the choices for you.

For example, what kind of outer burial container and marker would you choose?

Do you have preferences concerning the size, material and style?

In fact, more senior citizens have the money today for these final expenses.

And they are independent.

They don’t want to leave this burden to their loved ones.

The concept of pre-arrangement is not new, but the pre-funding of funerals is a recent development.

In the past, funerals were paid with trusts.

However, trusts have tax liabilities.

This is the reason "final life expense" insurance policies were created.

According to the American Association of retired Persons (AARP), funerals and burials are among the most expensive purchases older Americans make.

Funeral costs average over $10,000 and Social Security provides only $225.

And even though The Federal Trade Commission requires funeral homes to give you a price list of goods and services, it is important to note that funeral directors do not have to provide price guarantees.

By planning ahead you can guarantee that the burden of paying for your funeral does not fall unexpectedly on your loved ones.