You may already have a Life Insurance policy, and sometimes you might think that that’s already enough to cover the expenses that may be incurred when you pass away.  However, have you ever given it much thought that it might not be enough?  Sure, you’re covered already, but it might take a while to process all the paper works before your loved ones could receive the amount due from the insurance company.  That could mean that it would take months before your family can receive the money to pay off any bills associated with funeral costs, mortgage payments, and other bills.  In the long run, a life insurance could leave your family in a much more comfortable situation.  But, what about the immediate needs after your passing?

Well, there’s another type of insurance that would cover for the funeral costs, and that can be paid off to your loved ones in a matter of few days.  Final Expense Insurance, or Burial Insurance, is a type of insurance that can be purchased specifically for funeral and burial expense.  In the event of your passing, the insurance company will take care of the costs immediately, without the need for unnecessary documents to be filed.

What are the benefits that you can gain from a Final Expense Insurance?  Here are just a few:

• You and your family’s peace of mind knowing that your final expenses will be taken care of.  It lessens your family’s level of stress from having to look for immediate financial resources for cremation costs, and for some additional debts that you may still owe.
• The extra unused amount can be left behind to your immediate family to aid them in coping with any financial needs after your burial.
• Unlike traditional life insurance, Final Expense Insurance can be bought for a lower cost.  Usually, the amount your family receives from the insurance company ranges from $10,000 to $15,000.
• Applying for Final Expense insurance does not require a medical exam.  You just have to answer a few medical questions, and there’s no underwriting involved.  In some states, even if you’re already in poor health, you are still guaranteed to receive at least $5,000 from the insurance company.

Pre-planning funeral costs has a lot of advantages for you and your family.  If you truly love them, then you should seriously consider getting this additional coverage.