Final Expenses Campaign Call Center

Final Expenses: What They Are & How to Plan for Them

Final expenses refer to the costs associated with a person’s death, including funeral costs, medical bills, debts, and legal fees. Planning for these expenses ensures that loved ones are not left with unexpected financial burdens.

What Are Final Expenses?

Final expenses can include:

• Funeral Costs: Expenses for the viewing, burial, cremation, casket, and memorial services.
• Probate Fees: Court fees associated with settling an estate.
• Outstanding Debts & Bills: Unpaid credit card balances, loans, or utility bills.
• Taxes: Potential estate taxes or final income taxes.
• Medical Bills: Unpaid hospital or hospice care expenses.

How to Plan for Final Expenses

Planning ahead can relieve financial stress on loved ones. Consider:

• Final Expense Insurance: Also known as burial or funeral insurance, this policy provides funds to cover final costs.
• Prepaid Funeral Arrangements: Some individuals prepay for their funeral to lock in costs and reduce financial uncertainty.
• Estate Planning: Setting up a will or trust can ensure assets are allocated properly and help cover final expenses.

What is Final Expense Insurance?

Final expense insurance is a whole life policy designed to cover end-of-life costs. It offers:

• A guaranteed payout to beneficiaries upon death.
• No medical exam requirements, making it accessible for seniors.
• Fixed premiums that remain the same as long as payments are made.
• Easy application & quick approvals, ensuring coverage is in place promptly.

Why Planning for Final Expenses Matters

By preparing for final expenses, you can ensure that your loved ones are not burdened with financial stress during an already difficult time. Taking steps now provides peace of mind and financial security for those left behind.