Sunday, March 8, 2009

The Final Expense, Are They Covered? By Dan Kalm - The Observer's official State Farm Agent

Are you worried about how your loved ones will pay the expenses incurred at the time of your death? While death is an inevitable part of life, financial questions associated with final medical bills, funeral expenses and estate settlements should not be.

According to a 2001 General Price List survey of the National Funeral Directors Association, the average cost for final expenses is $9,000. Preparing for those costs today could prevent family members from dealing with a financial burden in addition to coping with the loss of a loved one.

One way you can assure that your final expenses are covered without placing the responsibility on your family is to make certain you have a life insurance policy that will meet your needs. Your life insurance policy can be an important part of your financial planning. Taking the time now to review your coverages and benefits may give you the peace of mind you deserve.

The death of a loved one can be enough of a physical and emotional burden for your family. By planning ahead, you can prevent it from being a financial hardship as well.

Visit with your insurance agent and discuss how a life insurance policy can cover your final expenses. It will only take a few moments of your time, but may go a long way toward easing the burdens of those you leave behind.

(For more information, go to Dan Kalm's website or E-mail him.)

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