FINAL EXPENSE INSURANCE – Don’t pass the buck!
Having a loved one pass away is one of the most difficult days we
experience as a family. The last thing we want to do is add to their
grieving, and pass on an $8,000 to $12,000 funeral bill with no means
to pay it off.
Most people don’t want their spouse, siblings, or kids to reach into their own
pockets, or sell off investments that they have worked hard for and need for their own retirement and living expenses.
With insurance rates at all time lows, and funeral expenses going up,
the sooner you plan, the less expensive it is, and the sooner you
will have the peace of mind of preventing a financial hardship
upon your family.
Do you ask your family or kids to pay your rent or mortgage? Do you expect them to pay your cable or electric bill?? Then why would we expect them to pay for our final expenses??
Ask yourself, what’s harder? Will it be more difficult now to come up
with $40-$60 a month for a few years, or your family coming up
with the $8,000 to $12,000?
Many have procrastinated way too long! By the time we are 65 or
older, insurance costs just get harder to afford and qualify for!
Our age, and health condition determine these costs.
The time to act is now! There are no free funerals.
The government only pays out $255 to our beneficiary.
Your family is important to you and protecting them is your top
priority. It’s always a good idea to look ahead at how they’ll be
taken care of should anything suddenly happens to you. Now there is an
affordable way to guarantee your family will have the cash they need to cover bills and other expenses after your death.
Term vs. Whole – you decide.
Term insurance is what it sounds like – it ends!
Most Term insurance “ends” at the worst time, when our parents
or you reach 70-80 years old.
Since we are no longer in great health, and older, our rates to renew
or convert has quadrupled , or worse our health condition disqualifies
us and we are left with no way to protect our families.
Most seniors are “persuaded” towards term insurance, because
the “rates” are lower. The risk is really on the seniors due to the
above, as we live longer, the risk to the insurance carrier of
paying out claims declines.
Plainly speaking, one must “die” before the “term” ends, to
receive benefits. I don’t know about you, but I don’t want to have to
die early just to receive term insurance proceeds!!
Whole Life is, what it sounds like – stays in place your whole life!
As long as premiums are paid, this insurance will not end.
Cash values can build up, in case of hard times, it can be used to
pay the premiums. This is “very important” as many find themselves
paying for nursing home care, or increased medical bills make it
difficult to pay other bills.
By having cash value, most companies today allow the use of the
cash value to pay the premium to keep it in place without any
hardship on the individual and secure insurance for the purpose
intended!
For this reason “whole life” is a few dollars more expensive than term.
The lifetime guarantee, is priceless.
