45. Final Expense Insurance

Also known as burial or funeral insurance, final expense insurance can be a great option for someone who is leaving behind a very small or almost nonexistent estate. It is simply a life insurance policy, but is designed to pay for one’s final expenses; cremation, burial, funeral service, flowers, gravestone, etc. The advantage of this type of insurance policy is that it is very affordable for just about anyone, and is a great option for someone who cannot afford a traditional life insurance policy. Funeral expenses alone can be over $8,000. Most people do not want to pass on this kind of burden to their loved ones, and for them final expense insurance is a viable option. Credit: BurialInsuranceQuotes.org

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