Why Final Expense Insurance Is Necessary - YouTube

Lots of life insurance plans exist, but only final expense insurance is specifically designed to cover end-of-life expenses

Such as funeral costs medical bills and other debts left behind

Commonly known as burial insurance or funeral insurance final expense life insurance is popular because of its affordable price

smaller coverage amounts and easy qualification

When someone buys a final expense plan, they're giving their loved ones a way to pay for the many bills. They'll leave behind

When they buy final expense or life insurance policy

the clients we have normally that's the only

Resources they have to bury their loved one

The reality of it is especially in the middle income to lower income

Markets, you know the cost of dying is ridiculous

I mean the cost of long-term health care the cost of prescription drugs the cost

of hospital stays normally most people

Go through all their resources going through the dying process. So all they have left

Is that small life insurance policy to pay for all those funeral bills?

Families are often unaware of how expensive a funeral can be

the national funeral directors association estimates the average funeral can cost nine thousand dollars or more

With no way to pay for these expenses out of pocket loved ones are often left with a financial burden

during a time of intense grief

I don't care

If you have a hundred thousand dollar group life insurance policy

Or you have a hundred thousand dollar individual policy?

Those large policies aren't going to be available to pay out at the time of their death instantly

You know, they aren't built for that. They may be paid out months. Later

people need to have

cash available at the time of the death to pay for all these expenses and

I I never fought the funeral director wanting their money up front. They have no recourse to get it in the future

So I don't have any problems with that, but the consumer has to realize

They have to have ten thousand dollars set aside to pay for all those expenses

And I don't care what c social economic level you're on

Many times coming up with that kind of cash instantly

Is not necessarily that easy

Final expense insurance can help ease the financial burden many families experience when paying for their loved ones funeral costs

In addition to providing a cash benefit some final expense plans like funeral advantage

Allow a person's final wishes to be planned in advance removing stress and confusion for those in charge of making arrangements

It allows you to pretty much pre-plan everything out

While you're alive

Letting you to be in control

And when that time comes you don't have to worry about your family fighting over mama wanted this mama wanted that

And splitting up your family because of a decision that you made

ahead of time

And allowing it to be taken care of. So they're not passing a hat. I mean

It's a product that everybody needs whether you're rich or poor. I mean think about think about a two income retired person

Who has plenty of money?

I mean you think about that type person when somebody dies when one of them dies the husband or the wife passes away

There's one income that is going to be gone

You still have the same bills, but you've got one income now

And they have a choice they can either use the nest egg

That they have saved

To pay for their funeral or they could use this

final expense plan

That lincoln heritage has to offer with the funeral advantage

Let that take care of it

and use that nest egg to get used to

Their new income that they're going to be losing

It's important that everybody needs

Families are relieved

when they find out that their

Mom their dad their loved one took the time the finances

And the effort to plan and fund their funeral arrangements

It is a very difficult time in someone's life

And to know that they can worry about the grieving process and not so much the planning

And the business side of dying it is a great relief

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