Final Expenses: A Necessary Protection for Your Family
When it comes to planning for our own passing, it’s a topic that not many of us like to think about. However, it’s important to remember that final expenses can easily add up and leave our loved ones in a difficult financial situation.
Buckalew Financial Services can help you plan for your final expenses, ensuring that your loved ones are financially taken care of when you’re gone. Final expense insurance, also known as burial insurance, is a type of whole life insurance that provides your family with a death benefit to pay off bills and expenses.
Unlike term life insurance, whole life insurance has a savings component where cash value may accumulate. Your policy will accumulate cash value over time which can be used for various purposes like paying the premium, taking a loan, investing or supplementing retirement income.
Some benefits of whole life insurance include:
- Guaranteed level premium that won’t increase over time
- Guaranteed cash value
- Guaranteed death benefit that won’t ever decrease
Final expense insurance is also an affordable option, making it accessible for those with health problems. Applying for a policy is quick and easy, and you don’t need to undergo a medical examination. Simply answer questions on an application and our team of knowledgeable specialists will handle the rest.
Final expenses can include a wide range of costs such as credit card debt, loans, estate costs, and funeral expenses. Don’t let these financial obligations distract your loved ones during a difficult time. Instead, have a final expense plan in place with Buckalew Financial Services.