Planning Ahead with Burial and Funeral Insurance Modest Money2 Comments

Even though death is a sure thing, our end-of-life care and funeral expenses often suffer from lack of planning. Of course, no one likes to think about these sad events, but to let the decisions and financial burden pass on to your loved one is also undesirable. As many financially-savvy people are entering their later years, it becomes increasingly important to have some of these decisions worked out ahead of time. Very often, left unplanned, they will be passed on to people you care about during a time of bereavement. The high cost of funerals and burials can also come as a shock at times like this. For these reasons, the peace of mind that comes with burial and funeral insurance can be a great gift to the ones you love, even if you are relatively young and healthy.

Insurance of this type is typically available to people over the age of 50. Premiums are not typically very high, and can provide coverage anywhere from $1000 to $10,000, or even more. Because funeral expenses can quickly add up, these funds can come as great relief to loved ones in their time of grief. When you combine the cost…

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By : Adam | 24 Jul 2014
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