Episode 122: Final Expense Planning

Do you know the difference between final expense life insurance and pre planned funeral packages?  The cost of funerals increases between 5-7% per year.  Since you already know that you will need a funeral at some time in the your life, why not plan ahead and save your loved ones the difficult decisions and financial burdens of your funeral? Key takeaways: Final Expense life insurance is a small death benefit meant to pay for your funeral Final Expense plans still require minimal underwriting, and you will pay the premiums for life Preplanned funeral packages lock in pricing today's costs All aspects of your funeral are already planned and paid for