This month I’ve focused on writing about being prepared for the unexpected. We all know that Life Happens, and usually when we’re already busy and stressed. So it’s even more important to be financially ready with an emergency fund and insurance.
Which types of insurance do you have?
If you don’t have Life Insurance, Income Insurance, or Funeral Insurance, you should make it a goal this month to sit down with your family and figure out if you need it.
Then buy the insurance you need and make sure your family is prepared for the unexpected.
Don’t wait, because you just never know what tomorrow brings.
What Is Funeral Insurance?
One way to protect yourself and your family from unexpected costs is funeral insurance. As I write this today, my family and I are traveling to an unexpected funeral for a close family member. It’s sad and unexpected and we’ve spending a lot of time and money to remember her the right way.
And in addition to the sadness of a family member passing away, there’s the financial burden of paying for final expenses. The funeral expenses alone could cost $15,000 to $20,000.
That’s a lot of money to pay unexpectedly.
So it’s making me think a lot of myself and my family too.
Like I normally do when I don’t know where to look, I started researching online. Today I’ve been researching several options for funeral insurance to lessen the financial burden for my family. I found out that funeral insurance pays up to $30,000 in a lump sum payment, to be used towards the funeral and other final expenses. That plan would cost me $45.99 a month, based on my age and other factors. And the insurance company would make the funeral insurance payment in 24 hours, to allow time to pay for your family to make those final expenses. If you’re considering funeral insurance, click here for funeral coverage.
Is Funeral Insurance For You?
The nice thing about funeral insurance is that you make small monthly payments for the security of knowing that your family will be financially prepared to pay for your funeral and final expenses.
This is particularly true if you don’t have an emergency fund or savings set aside for these final expenses.
Most importantly, have a plan for you and your family.
Please share your thoughts.
Do You Have Funeral Insurance? What’s Your Plan?