5 Reasons to Consider Final Expense Insurance
5 Reasons to Consider Final Expense Insurance for Peace of Mind
“Do not save what is left after spending, but spend what is left after saving.” — Warren Buffett
Thinking about end-of-life costs isn’t easy, but planning ahead can protect your family from unexpected financial stress during an already difficult time. Final expense insurance is a simple, affordable way to make sure your loved ones have the resources they need when it matters most. Here are five reasons why many families choose this type of coverage.
1️⃣ It Covers Funeral and Burial Costs
The average funeral can cost between $7,000 and $12,000, according to the National Funeral Directors Association. Without a plan in place, these costs often fall on surviving family members, adding financial stress on top of emotional loss. Final expense insurance provides a dedicated payout to cover funeral, burial, or cremation expenses.
(Source: NFDA 2023 General Price List Study)
2️⃣ It Helps Pay Off Small Debts
In addition to funeral expenses, final expense policies can help pay off medical bills, credit card balances, or other lingering debts. This prevents unexpected bills from burdening your loved ones or your estate.
3️⃣ It Provides Quick Payouts
Unlike some life insurance policies that can take weeks or even months to process, final expense insurance typically pays out quickly — giving your family fast access to funds when they need it most.
4️⃣ It’s Easy to Qualify
Most final expense policies are designed for seniors and don’t require a medical exam. In many cases, you just answer a few health questions. This makes it much easier to get coverage, even if you have some health conditions.
5️⃣ It Gives Your Family Peace of Mind
Perhaps the biggest reason people choose final expense insurance is the peace of mind it brings. Your family will know exactly what to do — and will have the money to do it — so they can focus on celebrating your life rather than worrying about costs.
How Much Does It Cost?
Final expense insurance is generally very affordable because the benefit amounts are smaller than traditional life insurance policies — typically between $5,000 and $25,000, depending on your needs and budget.
Is Final Expense Insurance Right for You?
If you want to make sure your loved ones don’t face unexpected bills during a tough time, final expense insurance may be a smart option. Our licensed agents at Medicare Health Connections can help you compare plans, costs, and answer your questions — with no obligation.
📞 Call us today at (318) 710-3668
💻 Learn more: https://askmhc.com
