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Final Expense Insurance

Is final expense insurance worth it?

For many people, especially retirees on a fixed income without savings set aside for funeral costs, final expense insurance is worth it because it locks in an affordable, level premium and guarantees a payout that spares family members from an unexpected expense during grief.

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It may be less necessary if you already have significant savings specifically earmarked for funeral costs, or an existing life insurance policy large enough to cover them.

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The best way to know if it makes sense for your situation is a short conversation with a licensed agent who can look at your current coverage and finances.

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