Cover Your Burial Expenses With Life Insurance

Cover Your Burial Expenses With Life Insurance

last expense life insurance

Even the simplest of funerals can cost thousands of dollars. If you add the cost of burial, coffin, mortuary expenses, public notices and other items the expense can easily exceed five figures. The last thing you want to do is leave these fees for your loved ones to shoulder so obtaining last expense life insurance is the responsible thing to do. Policies can range from as low as $5,000 to upwards of $50,000 and monthly premiums can be quite reasonable.

Most policies of this nature are whole life insurance with a cash value, though term insurance is also available. They can be set up to pay for burial expenses, medical bills and even to pay off debts of the policy holder or legal expenses. The main purpose of the policy is to make certain the survivors are not left with any large bills. It is a simple but important way to look after your loved ones even after you are gone.

Last expense life insurance is especially valuable for a person who does not have a large estate, or who may in fact have outstanding debts. It takes the burden off of your loved ones to pay for burial expenses. This type of policy can also be obtained for spouses, children and grandparents to help them with planning for death.