6 Scenarios

1.  You have enough life insurance to cover everything. - No worries.                                                 

2. You or a family member is wealthy.  It is not going to hurt anyone's financial situation.

3.  You have put away for a rainy day.  Enough for a funeral.  There is nothing left for your family and your spouse's safety net is empty.

4.  Your family can pull together funds.  Maxing out the credit cards, emptying their checking accounts and savings accounts putting them in a financial bind.  Hopefully, not on a path to bankruptcy.

5.  Your family can't afford a funeral.  They don't have access to funds on credit cards.  They are living paycheck to paycheck as it is.  They have to ask for help from friends and strangers.

6.  Your family can't afford a funeral.  So they have to advise the coroner's office to conduct a destitute burial in a pauper's grave.  No Funeral.

Life Insurance used for a Retirement Investment

(more to come)

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Losing a Loved One Can Mean More Than Just Emotional Burdens.  At the time of your death, how will your loved ones pay for your final expenses and financial obligations? 

~ FUNERAL EXPENSES

        $ 4,470    Professional service charges 

          1,195    Embalming

             300    Other preparations of the body

             895    Refrigeration/Viewing/Visitation

             325    Funeral at funeral home

             325    Transfer of body

             325    Hearse

             175    Service Car/Van

              95     Acknowledgment Cards

          2,365    Casket

    $10,470       Total Funeral Expenses    (source:  Bluebonnet Hills 2010 general price list)

~  Other Additional Expenses are Death Certificates, Death Notices for News Paper, Flowers, Legal Fees, Mortgage, Car Loan, Credit Card Payments, Utility Bills, Hospital and Doctor Bills.

It only takes 3 Steps to protect your family from a financial burden. 

1. Decide how much is needed

2. Choose the right type of policy - term/permanent/final expense/funeral pre-needs