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Will Your Family Have To Pay The Bill At Your Death?… Final Expense Insurance Explained

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According to a recent AARP survey, only 23 percent of people over age 50 have pre-paid or insurance to pay for their funeral expense.  Sadly 77% seniors have no resources in place and are effectively telling their spouse or children, “It is your job to pay the bill when I die”.

According to the Federal Trade Commission (FTC), a basic funeral, including services, casket and vault, will cost about $ 7,780, and additions such as obituary notices, flowers, limousines and accommodations for out of town relatives, can easily run the total over $10,000. 

A Final Expense Insurance policy is an act of caring and expression of compassion for those you leave behind. It is a life insurance policy that covers you for the rest of your life and gives your loved ones the freedom and flexibility to pay for your funeral and burial and any remaining expenses and debts.

Many Top Rated companies offer affordable whole life policy with face value beginning at $2,500.  You name the beneficiary, typically a family member, who would make the claim and receive the money immediately upon your death. Experts state that a “Whole Life Policy”, which covers you for the rest of your life, is preferable over a “Term Life Policy” which covers only for a specific time period, and if you out live the policy, you receive zero benefits. 

For example, Security National Insurance, markets Whole Life policy with face values from $ 2,500 to $ 25,000, based on issue age. The Family Protector Plan, Full Benefit from age 50-90. It is a “simplified issue” policy, asks several medical qualifying questions but don’t have to take a medical exam.

The benefit advisors of the Charles Davey Team are available to answer your questions.   Call 435 640-0060 or visit www.finalexpenseutah.com for appointment.

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