A final expense life insurance policy isn’t similar to insuring your life. Insuring your life means leaving your loved ones and family with enough support after your death. Permanent and term life insurance value your policy as proportionate to your earning power now and for the remaining part of your life.
Through funeral insurance, the value of your policy is proportionate to the expense of your required funeral. While other life insurance forms can exceed more than a million dollars, it’s not often that final expense insurance policies exceed $20,000.
According to mysanantonio.com, the median cost of a funeral is $7,045 as of 2014. “Gravestones cost anywhere from a few hundred to tens of thousands of dollars, with the average price ranging from $1500 to $2000. A plot in a cemetery will typically cost between a few hundred and a few thousand dollars, depending on where it is, and the cemetery will charge up to $1,000 or so to open and close the plot.”
Many people have done nothing to prepare for the cost that their families will have to pay. Realizing the need for affordable options to help our clients prepare for their final expenses, we contract with several companies to find the most affordable policies.
Whether you select a life insurance policy that covers funeral expenses along with a dedicated final expense insurance policy, or funeral pre-payment, you’ll be doing your loved ones a huge favor!
Call us at 210-908-6565 today to get a free quote on burial insurance in Texas!