Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 30 Nov 2021 It costs money to live, and it costs money to die. Unfortunately, we must factor the cost of dying into our budgets, in addition to housing, groceries, and healthcare. According to the National Bureau of Economic
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 30 Nov 2021 Texas burial insurance, also known as final expense or funeral insurance, is a kind of whole life policy that protects your loved ones from common end-of-life expenses. Texas policies can cover funeral costs, medical bills, and
Funerals are not cheap – oftentimes they average $9,000. This is an inevitable part of life and an expense that must be paid upfront. There’s not much time between when a loved one dies and when their funeral takes place. Luckily, final expense insurance provides that financial safety net so funeral costs are not as
Funeral insurance policies have a waiting period, which means that to get the full benefit amount, a designated amount of time must pass. That amount of time varies, so it’s best to check with your insurance provider and ask about those details before enrolling. The Importance of Waiting Periods Waiting periods help eliminate fraud and ensure
Yes, it’s possible to “cancel” a funeral insurance policy. However, this is not recommended and can have large financial impacts. Enrolling in a funeral insurance policy is an important decision and one that should not be taken lightly. This is partly because “canceling” a funeral insurance policy will mean that you’ll lose all of the money you’ve
It’s no shocker that the COVID-19 pandemic has affected many areas of life and business, including the funeral industry. When a loved one dies, many families have an in-person viewing of the body because it helps the mourning friends (and family) recognize their loss and see the special person and bid farewell. However, in these
In the U.S., the average funeral can cost around $7,000 up to $20,000. These are general estimates, but getting a ballpark number will help you start the planning process. While thinking about your funeral can create uneasy feelings, it never hurts to be prepared. You also don’t want to leave the responsibility to your loved
Written by Kim WilhelmCEO | Licensed Insurance AgentCEO | Licensed Agent Verified! See guidelinesVerified! See our editorial guidelines Last Updated 30 Nov 2021 You may know that the average cost of a funeral is between $7,000 – $10,000. Even basic funeral expenses can be hard to afford, and there are often add-ons. However, it’s common for families to overspend when
A final expense (aka burial or funeral) insurance policy is meant to protect your family if you were to pass away unexpectedly. The last thing you want to do is dump burdens on them such as debt, bills, or personal loans — on top of their grief. Today, Final Expense Direct shares 8 reasons why
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