What is Final Expense Insurance?

Without a doubt, funerals are one of the most expensive things one can spend on. To make things worse, it’s not as if you can sign the check yourself after your demise which is why it is usually up to your relatives or your next of kin to take care of everything. Of course, this involves all the expenses involved with the funeral arrangements.

final expense insurance policy assures you that everything will be taken care of once you are gone. As opposed to a standard life insurance plan where the policy can provide you with up to a million Dollars, final expense insurance is specific for funeral cost, which is why they are purchased for up to $50,000 at most.

What Kinds of Expenses are Left for your Family ?

  • Funeral Costs
  • Doctor Bills
  • Auto Loans
  • Personal Loans
  • Credit Card Debt
  • Other Bills

The National Funeral Directors Association states that the average cost of a “regular adult funeral” (funeral with embalming, viewing and a metal casket) is now $7,323. This sum is based on data from 2006 and does not including the cemetery plot, grave marker, flowers or obituary notices that are typically part of this type of funeral. With those added expenses and inflation the “regular adult funeral” is more realistically around at least $9,000.