Have you seen ads for senior life or final expense insurance on TV? Is this a product you have considered buying?
If you are a senior citizen, or if you have parents who are in their retirement years, you may have noted the expense of funerals today. The price of a very moderate funeral averages around $7,500, and can cost twice as much or more! If you do not have that much cash waiting around for an emergency like a funeral, then you may want to start thinking about how you are going to pay for a funeral expenses. Likewise, a deceased person many leave some outstanding bills, and loved ones may incur expenses while they travel to a funeral or transport a body.
While the thousands of dollars that a funeral can costs, seems like a lot of money, it is rather small in the realm of life insurance benefits. That is why funeral policies are a very affordable form of life insurance, even for older people and those with health conditions! And even though the face values seem small, it is enough money to pay for burial and other expenses. A final expense life insurance policy is a smart way to buy exactly what you need.
Why permanent policies can be smart sometimes.
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