Funeral insurance, burial insurance, and final expense insurance – they’re all terms that refer to the same general type of insurance policy. Funeral insurance takes care of your final expenses and gives you peace of mind that your loved ones will be taken care of after you’re gone. The average funeral can cost $10,000 or more, while the average American family only has around $11,000 in savings at any given time. This means that in the event of your passing, your family may be required to wipe out their savings account to provide a modest funeral service, leaving them vulnerable should they experience any emergencies in the years following your passing.
Investing in funeral insurance makes sure your family can provide you with the celebration of life that you want, and that they can do so without stressing over what this celebration may cost. They won’t need to make the tough financial decisions, and they won’t need to deal with the ramifications of spending while also going through the grieving process themselves.
Reasons To Invest In Funeral Insurance
A few specific reasons to invest in funeral insurance are:
- It funds your funeral costs – The primary reason to invest in funeral insurance is to fund your funeral costs and to take care of these costs so your family left behind doesn’t need to. From your burial plot to your cremation, to the luncheon that treats your loved ones after your funeral, your funeral insurance funds all costs associated with your funeral.
- It provides aid with medical bills – If your passing comes following an injury, illness, or lengthy hospital stay, your family could be left with medical bills on top of the costs associated with your funeral. Funeral insurance can cover your medical bills as well as funeral costs, so your family won’t be left wondering how they’ll factor these payments into their monthly budgets.
- It can provide financial support for your loved ones – In many instances, loved ones will need time to grieve your passing after the funeral has happened, but they may not be able to take the time off that they really need. Your funeral insurance benefits may be able to provide them with the financial assistance they need to take some time for themselves and their own grieving processes.
- You can take control – The decision-making process of a funeral can be stressful for your loved ones. They want to honor your wishes and your memory, but they may not know exactly what these wishes are. With funeral insurance, you can take control of your funeral planning, giving you and your loved ones invaluable peace of mind during a difficult time.
Funeral Insurance For Complete Peace Of Mind
Funeral insurance has the unique benefit of providing complete peace of mind to individuals and their families. With funeral insurance, loved ones know that they can carry out your final wishes as you would have wanted them carried out and that they can afford to do so. If you’re interested in learning more about funeral insurance, contact us at Asurea today.