The Best Reasons To Buy Burial Insurance In California

Last Updated April 23, 2024
Why You Should Buy Burial Insurance in California

Imagine that you have already aged a lot and don’t have a life insurance plan to cover your family in the event of your death. You can become disheartened and want to give up because it is much tougher to qualify for an inexpensive monthly premium. This is where final expense insurance comes into play; with this kind of insurance, your loved ones are covered for any debt or expenses you may leave behind after passing away.

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What is the average life expectancy in California?

Why You Should Buy Burial Insurance in California

The state of California has one of the highest average life expectancy rates in the United States. Californians have the fourth-longest life expectancy, with an average age of 80.8 years. If you are residing in California and your current age is around 80 or higher you don’t need to be worried because you can still be eligible for a new last cost coverage at age 85.

However, If you don’t have a final expense insurance plan then you should opt for one as soon as possible because the older you are the more expensive your final expense insurance will be.

What is the general cost of funerals?

Most people don’t want to think about death, which is understandable given that it is by no means a pleasant subject. As a result, many people are astonished to learn how much funerals cost. The typical traditional funeral ceremony will cost between $8,000 and $10,000 in 2022. If you choose cremation, you could make a small financial saving, but it might still cost up to $6,000 or more.

This is a lot of money to suddenly dump on your loved ones, who are already mourning and ill-equipped to handle the further strain if you are the family’s main provider. This brings us to our first argument in favor of getting burial insurance in California.

Final expense insurance can fund your overall funeral cost

The first and foremost important fact about final expense insurance is that it will cover any debts or obligations you leave behind after you have passed away, with funeral costs being the biggest one. It would bring immense relief to your loved ones if you left them some money to spend on any funeral-related expenses.

Control or plan your funeral by yourself

Some people have a very clear idea of how they want their funeral to happen. Making choices about things like whether to be buried or cremated, where you want your ashes to be scattered, etc. It will be beneficial and allow you to rest in peace the way you want to if you take this off the hands of your loved ones which is possible thanks to your burial insurance in California.

Final expense insurance can cover your medical bills

Your family is responsible for paying any outstanding medical expenses that remain after your death. They could get the money from the final expense insurance policy which will either pay off your debt entirely or at the very least help with payments.

Pay off your loans

In relation to using the final expense insurance policy for other purposes, what would happen if you died but still owed money on loans? You presumably wouldn’t want your grieving family to have to take on your loans on top of your passing; with the death benefit, they could use that money to pay off the loans and relieve their burden.

Provides monetary assistance for your loved ones

Life continues for your friends and family even after your death. They will probably need time off from work to grieve for you in the days after your death. With the help of your final expense insurance policy, you can provide a reliable source of income at least for some time in a state like California. The beautiful thing about the final expense insurance policy is that it is not limited to being used for your funeral expenses and may be used for anything your loved ones require assistance with.

Conclusion

There are multiple benefits to purchasing a final expense insurance policy in a state like California where the average funeral cost is so high. Your final expense insurance will cover various things after you have passed away (including your funeral) which will surely help your family and loved ones who are in the process of mourning over your death.

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