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Showing posts from June, 2022

Everything You Need to Know About Burial Insurance Plans

When you pass away, you might not know what will happen next. You could leave a few debts, have a house and car, or even have a nest egg. But what about your final resting place? Where will your body be laid? How will your loved ones be financially taken care of after you leave? If you don’t already know these things, it’s time to take note. If so, now is the perfect time to start looking into these details. As we age and pass away, many benefits come with having burial insurance plans. Read on to learn everything about burial insurance plans and how they work. What Is Burial Insurance? If you’re considering getting burial insurance, you’re probably wondering what it is and how it works. Burial insurance, also known as final expense insurance, is a type of life insurance that pays for a person’s final expenses after they die, including the cost of burial, funerals, medical debt, or outstanding bills. It’s a type of life insurance made available to anyone up to age 85. However, bu...

How Final Expense Burial Insurance Can Relieve Financial Stress

Given that a global pandemic has wreaked havoc on the world over the past two years, the number of Americans without life insurance continues to surprise. Approximately one-quarter  of all Americans do not have life insurance coverage. An even greater share of the population is considered underinsured. The primary reason that Americans are forgoing insurance is that they cannot afford it. Ironically, burial insurance and other plans relieve financial stress. Read on to learn how final expense burial insurance can help your family’s financial situation. Explore topics such as burial insurance for seniors and what final expense insurance covers. Why Do You Need Final Expense Burial Insurance? Unfortunately, death is expensive and places a significant financial burden on families without insurance. According to the National Funeral Directors Association, the average cost of a funeral exceeds $7,800 . There are many other expenses to consider. You will have to arrange for a memori...