FINAL EXPENSE

20 Jun FINAL EXPENSE

How will your loved ones take care of the funeral costs once you are gone? Our final expense insurance policy will take care of it for them.

Final expense life insurance is more popular among seniors. The main benefits of the final expense insurance policy are:

• An affordable price.
• Smaller benefit amounts.
• Emphasis on covering funerals.

 What Is Final Expense and How Is It Unique?

Traditional life insurance policies, such as term insurance, etc., are primarily intended to replace any income loss when a loved one dies. However, the final expense is a unique insurance policy that you can use while being alive. At Mafo & Lewouh, we call it “the insurance that you do not have to die to use it.”

This policy is most important to families during the earlier years when they are working, paying a mortgage, making car payments, and raising their kids.

Once you are retired, have paid off the mortgage, and the kids are out of the house, traditional life insurance policies are not needed as much as before. What you do need, however, is a way to pay for any expenses you may leave behind when you pass away. This is where final expense steps in.

According to the National Funeral Directors Association, the median cost of a funeral can be over $9,000 depending on the State. With no way to pay for these expenses, the surviving loved ones often experience a financial burden during a time of intense grief. With our final expense life policy, they will no longer have to suffer through a financial stretch during their hard times.

Many of us have experienced the death of a loved one and remember how stressful it was to juggle our grief, funeral planning, and financial obligations. Mafo & Lewouh offers final expense to take care of the funeral while you grieve.