Passing away is not known as a jubilant time for anybody involved in the process – the deceased, the family, the friends, or the coworkers. A passing is always accompanied with grief, a profound sense of loss, and many arrangements to be completed in a short period of time. There are the people to notify, the casket to pick out, the funeral to plan, the grave plot to ready – all this while in a depressed state of mind. During this time, money is the last thing you want your dependents to think about, but think about it they will. They have to, because passing away is costly. The best way to shield your loved ones from the financial hardship of a funeral is to contact final expense insurance companies without delay.
According to Canadian Funerals.com, a traditional burial service in can start around $5,000, but the extras that most people desire (a nicer casket, a viewing, vehicles, etc.) can easily push that number to $15,000 and beyond. Cremation costs are lower overall; a simple cremation in Toronto is around $1,400, but that cost goes up again when you add a service, flowers, and obituary notice. Even if circumstances force you to choose the most basic burial or cremation, it is doubtful anyone has $1,000+ dollars in a bank account earmarked for funeral arrangements. The sudden costs, on top of the grief, can spell disaster.
Final expense insurance companies looked at these ever-growing final arrangements numbers and created insurance plans for those interested in pre-planning for funeral expenses. As with any insurance plan, spreading a large payment over several months or years makes the expense manageable. Compare what final expense insurance companies have to offer with putting the expense of a funeral on a credit card. With both plans you make payments, but with the credit card, you have the added stress of interest. Pre-paying saves time, money and stress for all involved.
The benefits of working with final expense insurance companies benefits more than your dependants. This action directly benefits you. Leading causes of death in Canada include heart attacks, strokes, colorectal cancer, lung cancer, breast cancer in women and prostate cancer in men. Additionally, accidents at work or on the commute can strike at any time. You can’t control when you will pass away, but if you have final expense insurance in place, you can control the financial impact.
You may have taken care to get health and life insurance in place, insure your burials, and make sure your dependents have enough to live on after you pass on, but unless you’ve been in contact with final expense insurance companies, you are missing the final piece of the puzzle. This affordable, necessary insurance may be all that stands between your dependents and a devastating financial blow.
We all get one thing – a lifetime. For some, that lifetime is long. For others, it is brief. Some get to see theirs play out, others are gone in the blink of an eye. No matter how your lifetime ends, you have the option of working with final expense insurance companies before you pass on. Taking that important, simple step to get final expense insurance in place makes a world of difference in the lifetime of your loved ones and dependents.
No Medical Life Insurance.ca works with the best insurance companies in Toronto, including final expense companies. Making final arrangements is an emotional time. That is why we operate with compassion and that personalized touch that makes conversations about your passing easier to bear. Contact NoMedicalLifeInsurance.ca today to learn how we can help you with all your insurance quotes and needs.