The objective of final expense insurance
is to cover ones final expenses. Final expenses include the cost of a
funeral and all that entails, along with any final medical bills or
Most people are surprised to learn how
much a typical earth burial costs. The average price of a very basic
funeral, not including
embalming, headstone, burial plot, flowers, death certificate was just
$708 back in 1960. Today the same basic funeral is over $8,000. When
we add in the cost of embalming, a headstone and burial plot the cost
increases to an average of $10,000.
For those with no plan in place to cover
these expenses, the burden of paying these final expense bills will fall
on their children or their surviving spouse. Few people want to put
their family through such a financial strain, especially when they are
grieving for their loss, a time when they are most vulnerable.
Final Expense insurance relieves the
financial burden of paying for final expenses. The check is typically
delivered to the designated beneficiary very soon after death, providing
comfort that the deceased�s final wishes can be met without a financial
strain on the surviving children or spouse. No one will have to worry
or argue about where the funds will come from to pay for the funeral and
all that goes with it.