Final expense life insurance
While death is most certainly guaranteed for all of us, the cost of dying isn’t necessarily cheap.
NFDA show that families paid an average of $7,848 for a funeral with burial in 2021
NFDA figures show that even the cost of a funeral with cremation worked out to $6,971 as of last count.
That’s designed to cover the costs of your final disposition as well as any funeral or celebratory services that take place
Since coverage amounts tend to be low (i.e., $5,000 to $35,000 per policy), monthly premiums can be very affordable.
– It may be possible to purchase this coverage until age 80.
– You can usually pay your premiums once per year or once per month.
– You’ll pay a fixed premium for the life of your policy.