When someone passes away, their final expenses can put a financial strain on your family, just as they’re trying to grieve. Depending on the circumstances, medical expenses and burial costs could total thousands of dollars, which most people can’t afford to pay. This is why everyone, including single adults without children or significant debts, needs final expense life insurance to protect the loved ones left behind.

What Is Final Expense Life Insurance?

Final expense insurance policies are designed to provide your family with the funds to pay your burial costs and hospital bills after you pass away. Unlike other life insurance options, final insurance policies aren’t intended to fully replace your income. This makes them a more affordable, attractive option for those who may not need a larger term or whole life policy.

Why Final Expense Insurance Matters

Many families are surprised by funeral costs, which can range from $6,500 to $10,000, forcing families into debt they might struggle to repay. If you incur significant medical expenses before passing away, your family may also be responsible for those bills, along with expenses from cars, homes, or taxes.

Who Needs Final Expense Insurance?

This type of insurance is particularly useful for those with children and grandchildren. In addition to covering funeral costs, your family members may get monetary benefits that can be used toward whatever they need. Thus, you can rest easy knowing your loved ones will not be left with your debts. 

Additionally, this insurance is crucial to ensuring that your funeral wishes are met. Whether you want to be cremated or buried, your family members will be able to afford the costs, giving you the assurance that your preferences will be carried out.  

Choosing a life insurance policy is a major decision, which is why residents in Tremonton, UT, trust the Brent C. Layton Insurance Agency Inc. for help making the right decision.To request a free quote call or text (435) 279-5723, or email preplannedfuneral@gmail.com. Follow their Facebook for more tips and advice.