With my retirement has come a shift of focus as well. For many, many years now, I’ve poured my money into a 401K to prepare myself for this day and now that this day has arrived, I’ve decided to take my financial security outlook into the future once again.
I wanted to make sure I protected my family for when it was my time to pass.The very last experience a family member should have when faced with the loss of a loved one is the additional burden of expenses, so made myself responsible for finding a way to help.
That’s when I came across final expense insurance. It is exactly what it sounds like.An insurance policy insuring that when it is my time there won’t be a large debt left weighing down my family.
I’m in good health at the moment and have a minimum of debt, yet nearly 60 years of experience has taught that there are a few curveballs still to be expected still s. And as medical care costs only continue to rise, even my last few days could place a heavy financial burden on my family.
By taking out a policy for final expense insurance, I know I have them covered which puts my mind at ease.We’ve seen the ads on television talking about funeral costs and so on, but they are a load of rubbish.
Out of curiosity I looked into funeral prices only to find there are no recent, solid numbers to be found.Moreover, insurance programs like that provide insufficient protection for my family in my opinion.Even had I chosen a burial policy or something similar what would cover my other expenses?
I think it’s fair to say that none of us know when our time has come so it’s not something that we can easily prepare for. We can’t call up our utility company and tell them it will be ok to shut the water off on the 20th of next month as I won’t be around any longer.
I plan on breathing for quite a bit longer to be truthful. But by taking out a line of final expense insurance, I know when my plan finally fades, my expenses won’t be rolled over and onto my loved ones. This, by itself, means it’s some of the most valuable insurance I’ve ever carried.
