We spend much of our lives worrying about, well, our lives. There is so much to see and do and say. There are so many people to know and love and spend our time with. We have plans to make and memories to treasure. This is all as it should be. Life is a beautiful thing and we should devote ourselves to living it to its fullest. Unfortunately, one of the realities of life is that some day, for all of is, it ends. When we think of the end of life, though, we don’t stop caring for our loved ones or wanting the best for them.
That’s why final expense insurance is such a vital consideration for people who may be nearing the last few years of their lives.What are final expenses? They’re exactly what they sound like… the last expenses that a person can incur. Final expense insurance covers the cost associated with death and burial, which are, of course, the last money that will ever be spent in your name. A funeral, even a relatively modest one, can cost upwards of $10,000. The unfortunate fact is that most people can’t afford that kind of money for the benefit of the living, let alone for a funeral; and yet we all want to give our loved ones a respectful ceremony to mark the end of their life.
That’s where final expense insurance companies comes in. When someone passes on, this type of insurance can cover the more expensive elements of laying them to rest. Many people choose to bury their loved ones in a cemetery and mark their memory with a headstone. Unfortunately, burial plots and headstones both cost money. Not everyone has a family plot to be buried in, and even a very simple headstone can be very expensive. Cremation is less expensive than a burial in the ground, but it still has costs associated with it. People who choose to have their ashes laid to rest in an urn still need to pay for the urn, and the service of cremation itself.
Burial services also cost money. Just like for other, less somber events, it’s still necessary to make arrangements such as a venue, food, and other accommodations for the people who have come to see off the departed. People need a place to gather in, a place to stay, a meal to eat and an officiator to perform whatever ceremony has been chosen to offer farewell. It’s a stressful amount of work for people who have just lost someone they care about, and the addition of funeral costs just make a bad situation worse. Final expense insurance can help relieve some of that hardship.
While it may seem that final expense insurance exists only for the benefit of those who survive the deceased, the fact is that final expense insurance provides peace of mind to those who are living the last part of their life. Knowing that the people who will see to the funeral and other associated costs will be taken care of can let people spend their time saying fond and loving farewells, rather than worrying about what will become of their loved ones when they are gone.
Saying goodbye is never easy. Knowing that someone is gone, even after they have lived a full and happy life, is a sorrowful experience. Financial relief can’t bring back the ones who have passed away before us, but it can take away some of the stress and pain of making the arrangements to give them a warm and loving send-off. Final expense insurance allows for the compassion that we need during our good-byes.
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