How will your family pay for your funeral?
In 2014, the average cost for a funeral was $8,508. That cost does not include headstones, monument, or marker costs or charges such as floral arrangements and placing an obituary. And the costs continue to rise.
What happens if your family can't afford a funeral?
There is no charity or government organization that will pay off any debt you’ve accrued if you arrange a funeral that’s beyond your means.
Funeral homes are not required to let you pay for funeral costs in installments — and an increasing number are asking for payment in full up front.
When families do not have the money for a funeral, they simply cannot claim the loved ones body.
Is life insurance the answer?
Life insurance can guarantee that your loved ones are provided with the money they need to give you a proper and dignified burial. Unlike savings accounts, which are so often stretched thin during hard times, life insurance provides a dedicated pot of money that your loved ones can use during this difficult time for anything they need. It's not limited to funeral arrangements.
Rates start at just $9.30 a month!
Even better, there is no medical exam and no medical questions required to apply.
Plus, your monthly premium is locked in and will never go up, while the amount of your death benefit is also locked in and will never go down, as long as you continue to pay your premium.
Compare prices for life insurance coverage
Why term life insurance may not be the bargain it seems:
Whole life insurance remains in force without change in rates or payouts for your whole life. That provides continuous security and affordability.
Term insurance has premiums and coverage may vary depending on age and health status. And that policy is only good for a specific term, after which it expires.
That expiration can spell trouble for someone who bought term insurance while they had no health issues, because it was cheaper.
Many men and women buy term insurance when they are young and have not had health issues, because they feel it’s relatively cheap at that time.
When the insurance expires, they are left without coverage, unless they renew. But when they are older or have had trouble with illnesses the policy premium many no longer be affordable or they may be denied coverage all together.
Get help finding the best policy to secure your family's future. Our friendly agents are trained to help you find the right policy...without all the pushy sales stuff.