Welcome to Legacy Essentials Insurance & Financial Group!
Final expense insurance helps families cope with the loss of a loved one by guaranteeing all funeral and burial expenses will be paid for. With so many different options to choose from, the cost for a service, burial plot, casket, and headstone can range anywhere from $7000 to $35,000 and the grieving period is no time to be making complicated financial decisions.
Final expense insurance is a perfect alternative to traditional life insurance because it is more affordable, no medical exam is required, and premiums will not increase over time. In addition, final expense insurance can provide funds to your family within 24-48 hours of your passing whereas traditional life insurance plans can take weeks to pay out. This instant, short-term monetary relief can be crucial for staying current with mortgage payments and covering day-to-day living expenses. No longer a luxury, final expense insurance is a necessity.
Final expense policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. These types of policies generally don’t require a medical exam.
The purchase of burial or funeral life insurance is a practical way to feel more confident knowing you are not going to leave unfinished business when you die. You don’t want to leave bills that can become a burden on your loved ones. Since you know that death is an eventual reality, it is natural to feel as though there is a need to protect your loved ones after you are no longer there to care for them. For example, as a parent you may worry that your children will have to delay their plans to attend college in the event of your unexpected death. Additionally, you may be concerned your family members will need time to decide if they would want to continue to live in their present home. Whatever it takes to assume financial responsibility does not end when your life ends. All these things and more are common concerns that cause many people great worry.
There is a way to help put an end to unnecessary worry and concerns. Rather than create more stress, worry and lost sleep, you can do something to ease your mind. Find peace by making plans for whatever needs to be done to prepare your family. Purchasing funeral or burial life insurance can be just what you need to have peace of mind. Although you may not physically be there, you can still help them through a difficult time by securing their financial situation with money that can be used towards short-term essentials.
Your survivors will still have concerns about everyday living expenses as they continue to live without you. You cannot change that; however, you can help provide financial support with the purchase of a burial or funeral life insurance policy. While your family members are grieving, they can avoid making quick decisions like where they will live. They can use the proceeds from a burial or funeral life insurance policy to help make mortgage payments.
After purchasing a burial or funeral life insurance policy, make sure all your important documents are quickly accessible to those responsible. Having a solid plan in place to pay for final expenses can be very reassuring. Final expense insurance, also known as burial insurance, is a type of life insurance that is specifically designed to cover outstanding expenses and funeral costs after a loved one passes away. Unlike pre-paid funeral plans, final expense insurance can be used by the beneficiary you designate as and where needed rather than being limited to specific funeral services and providers. With the cost of an average funeral running into the thousands, a final expense policy can provide much needed protection from not only burial expenses, but also any remaining medical costs, potential legal costs as well as other outlays.
Send us a message today and we can have you on the easy road to peace of mind. We'll walk you through everything you need to know so you can continue on knowing that you're covered.
Georgia, South Carolina, Tennessee, Texas
+1 (678) 256-3031