Final Expense and Life Insurance
What is Final Expense Insurance?
Currently, Social Security will help dependents cover funeral costs by giving them a one-time payment of $255, an amount that has not changed since 1937.
Beyond the funeral, there will likely also be debts and medical bills that need to be dealt with. And monthly household bills don’t simply vanish with death. Savings may exist now, but there is no guarantee they will still be there when needed.
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