Final Expense

Medicare only pays about 80% of your medical and health care costs. The remaining 20% is up to you. Adding a Medicare Supplement plan or electing for a Medicare Advantage plan, a stand-alone Part D, or combined Medicare Advantage Part D (MAPD) are all opportunities to cover your remaining costs, providing for complete coverage.

Final Expense is a basic whole life insurance policy that provides permanent coverage until, with no increase in premiums. Benefits are payable to your chosen beneficiary in the amount that you choose; giving you the peace of mind knowing that your family members will not be burdened with the costs associated with carrying out your final wishes.

The average cost of a funeral and burial is $7,360, according to the latest data from the National Funeral Directors Association (NFDA). If you get a vault — required by many cemeteries — that number rises to $8,755.The average cost of a funeral and cremation is a little lower: $6,260.

These policies typically have payouts between $5,000 - $30,000 which can be used to pay the funeral home, and possibly cover any outstanding bills. Your beneficiaries can use the death benefit however they choose. The death benefit avoids probate and most policies will accumulate a tax deferred cash value.

You can choose between monthly, quarterly, semi-annually or annual premium payments.

If you would like to include others in these important decisions we encourage you to do so. Our video-conferencing technology can bring people together regardless of their location.

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