Blog: Final Expense Insurance

Prepaying for your funeral might not be the sound financial planning option you think it will be. Explore the five major disadvantages of prepaying for your funeral.

If you have found yourself concerned about funeral arrangements, burial costs, and end-of-life debt, it may be time to consider final expense insurance.

The death benefit from a final expense policy can be used for any of your final costs, from your funeral to probate to credit card debt to end-of-life medical bills.

Does your family know what songs to play during your funeral? Do they know what outfit you should wear when you’re buried – if you even want to be buried?

Pre-paying for your services locks you in so that you aren’t subject to unexpected rising costs. In essence, you’re paying for tomorrow’s funeral costs at today’s price. But there are some issues...