Welcome back!
With my retirement has come a shift of focus as well.I’ve put aside money in my 401k for quite a few years to prepare for retirement day. Now that it is here I’ve started looking into into my future finace situation once more.
I wanted to be certain that my family was protected when my time came. The last thing any family member wants to be burdened with when they lose a loved one is the expense side of things so I took it upon myself to see how I could help.
That’s when I came across final expense insurance. It is exactly what it sounds like.An insurance policy insuring that when it is my time there won’t be a large debt left weighing down my family.
I’m in good health at the moment and have a minimum of debt, yet nearly 60 years of experience has taught that there are a few curveballs still to be expected still s. And as medical care costs only continue to rise, even my last few days could place a heavy financial burden on my family.
By taking out a policy for final expense insurance, I know I have them covered which puts my mind at ease. And we’ve all seen those commercials talking about burial expenses and such but those are a bunch of malarkey.
Purely driven by curiosity, I tried to price a funeral and there’s no real average across the board unfortunately. And furthermore, those insurance programs don’t offer my family the level of protection that I truly felt they deserved.Even had I chosen a burial policy or something similar what would cover my other expenses?
I think it’s fair to say that none of us know when our time has come so it’s not something that we can easily prepare for. We can’t call up our utility company and tell them it will be ok to shut the water off on the 20th of next month as I won’t be around any longer.
Truthfully I expect to be breathing for a good long while. But by taking out a line of final expense insurance, I know when my plan finally fades, my expenses won’t be rolled over and onto my loved ones. This, by itself, means it’s some of the most valuable insurance I’ve ever carried.
