Final Expenses
Chances are you’ll want your end-of-life preparations to include taking measures to spare your loved ones the expense of paying for your funeral.
With funeral costs often running over $10,000, final expense insurance is especially important if you don’t have life insurance, as loved ones may have no other means of covering your final expense costs. Even if cost isn’t a factor for your loved ones, think of the trials they’ll face if they have to make all your funeral arrangements and deal with their loss at the same time. The stress could be overwhelming at such a difficult time, and for many loved ones the financial implications could be disastrous.
Final expense insurance pays most costs associated with funerals, and many plans do not require a medical examination. Various plans offer different degrees of coverage, and costs are generally low since the face value of any plan is low compared to that of a typical life insurance policy. A final expense policy is designed to help cover short-term costs following death and nothing more—and it could prove to be a vital part of your end-of-life preparation.
MedicareMall has been a leading provider of the best in senior health plans for over two decades. To learn more about Medicare supplement insurance, Medicare Advantage, or final expense insurance, why not give MedicareMall a call today?
Can you think of another reason it’s so important not to put off that end-of-life discussion? Leave a comment below.
End-of-Life Discussion—Age with Dignity and Make Your Wishes Known© 2013 MedicareMall.com