What is basic end of life insurance and how does it work?
Many people buy final expense insurance, also known as, end of life insurance, to pay for the cost of their final expenses - including their funeral, burial and hospital bills, among others expenses.
Since the average funeral can cost more than $9,000 and many people live on a monthly income, they may not have enough money saved to cover the cost of their end of life expenses.
And, no one wants to leave their loved ones with the financial stress of finding a way to come of with thousands of dollars at the last minute, to pay for a funeral and burial.
That's where
basic end of life life insurance can help. It guarantees when the time comes the money will be available to help cover those end of life costs.
