The death benefit from your final expense insurance coverage may help your loved ones to pay several major expenses right after your passing.
According to the NFDA, funerals, on average, can cost you over $9,000. This can protect your family from making such a major expenditure from their resources.
The outstanding hospital bills that are not covered by your health insurance can be paid from your final expense insurance coverage.
The money from your final expense insurance can be used by your family for their living expenses or a loan that they may need in your absence. Also, if your spouse takes a break from work to grieve your loss, the money can be used as a substitute for lost income.
Nearly 75% of Americans die with unsettled debts. The final expense insurance coverage can be used by your family to settle the debts that you may have left unpaid during your lifetime.
If you own an estate value worth over $12.92 million, your assets may be taxed after your passing away. Your family may pay the estate tax from your final expense insurance death benefit, thus avoiding a scenario where they would have to sell assets to pay the tax amount.
With Final Expense Insurance, you can have peace of mind knowing that your loved ones will be taken care of, even after you’re gone.
Contact Us now to get started on securing your family’s future.