What Costs Should I Review When Planning a Funeral?
Posted: February 22, 2023
As most people are aware, funerals are expensive. A premium casket alone can run up to $10,000. Costs can vary, depending on the state, the selections you make, and whether the deceased is buried or cremated. The national median price was nearly $8,000 in 2021, as stated by The Zebra, and funeral costs are rising. The following are common funeral expenses to consider, with average...
Should I have an Emergency Fund Along with Life Insurance?
Posted: February 7, 2023
Life insurance can help protect your loved ones financially in case of your death. If you have a whole life or universal life insurance policy, you may be able to access accumulated cash value for emergency funds during your lifetime. Even so, it is a good idea to have an emergency fund in addition to life insurance. You never know when the unexpected will happen....
Top Three Reasons Why People Buy Life Insurance
Posted: February 3, 2023
Before you get life insurance coverage, you should understand why you need it. While there are many reasons to buy life insurance, the most common reasons include:Final expenses: Final expenses refer to any expenses related to someone’s passing. This can include a casket, funeral, preparations, memorial service, cremation and more. Life insurance for final expenses is worth considering—after all, the National Funeral Directors Association reports that the median price...
What Happens if You Are Denied Life Insurance?
Posted: January 22, 2023
It can be discouraging, to say the least, when you are trying to protect your family by purchasing life insurance, and your application is rejected. If you have been denied life insurance, you are not alone. It happens to people every day. Keep in mind that you have options and do not give up. Why Are Some People Denied Life Insurance? Typically, life insurance companies...
The Importance of Creating a Will
Posted: December 27, 2022
Creating a will is one of the most important legal actions for people of all ages. Many younger people believe writing a will is for later in life. In fact, a will can be one of the most significant actions for young families to protect their spouse and children from extreme financial losses should an unexpected death occur. Why Do You Need a Will? A...
