Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 27 Apr 2024 The process of saying goodbye to a loved one is never easy. Apart from the emotional turmoil, families also face the challenge of managing the financial aspects of a burial. Across the United States, burial costs can
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 27 Apr 2024 The death rate in the US stands at 9.3 deaths per 1,000 people. From COVID-19 to natural causes, unfortunately, this fate awaits us all. One of the biggest issues families deal with after the death of a loved one is the expenses. The
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 27 Apr 2024 What Does Final Expense Insurance Cost?Factors influencing costFinal expense insurance isn’t a single cost. Payment is designed in such a way that it is set according to factors such as:Age GenderLifestyleMedical historyImpact of each factorThe younger you
End of life expenses, like funeral costs, can become overwhelming if the deceased doesn’t have the funds needed to cover those costs. In such cases, the bereaved family is left to pay for funeral costs out of pocket. Final expense insurance can help your family afford to bury you, but how much money will you
Funerals can be expensive, so you may be wondering if your health insurance or Medicare can cover some of the costs. In most cases, funerals are not covered by health insurance policies. The families of the deceased will need to shoulder any costs incurred. Purchasing final expense insurance is an excellent way to help with those costs
A price of $7,000 to $10,000 is daunting to many but crippling to others. Low-income individuals have a hard time arranging funeral services for their loved ones, as honoring their loved ones while keeping costs low is a tough bridge to gap. But there are low-cost options available. What’s the Lowest Possible Funeral Cost? The
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 27 Apr 2024 Funeral costs are substantial, and how the issue of taxes might come into play is a frequent question. This will address what can and cannot be done based on the individual and the services.In Which Cases
Life insurance encompasses several types of insurance, and this can also translate to the extent of what their death benefits may cover. How Final Expense Relates It is important to realize final expense insurance is a type of life insurance. It’s often left out of the discussion, but it must be covered in order to
The one(s) responsible for funeral payments depends on other circumstances. Payment is based on who has the ability to fund the funeral. The burden does not fall on one person each time. This can be seen as an “if not x, then y” form of responsibility appointment. Another way to visualize this is to think
Why is funeral shipping necessary? Death can happen anywhere. For some, death occurs far from their hometown. This can be states away, or it could be across the world. But your family does not live there, and the likelihood of them being able to attend the funeral in that other city, state, or country is
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