Final Expense Policies

A Final Expense Whole Life insurance policy can help your loved ones carry out your final wishes. Families could have to make several important decisions soon after the death of a loved one. Along with those decisions, expenses from burial planning, debt balances, and out-of-pocket health care bills can quickly add up.

A funeral can be one of the largest family expenses. On average, a funeral can cost $7,360 or more, not including the cemetery plot, tombstone, and other related fees. While there is a belief that cremation is a far less expensive option, data shows that the cost is only 15% less than the traditional funeral. Social Security benefits pay only $255 to qualified dependents, and the Veteran’s Administration benefit offers only $300. The majority of U.S. health care costs rise in the final phase of life, and living with fatal chronic illnesses has the highest costs associated with the treatments.