How End of Life Insurance Can Help Your Family When You Pass On
One thing that is never guaranteed to any person is time. We live day-to-day with no knowledge of the future and possible outcomes. Because time is so hard to control, we can never be certain about the things that will occur even a minute from now. Even if you live a healthy lifestyle, you could run into an accident in a split second. Unfortunately, your family suffers when your life suddenly runs its full course abruptly.
Everlasting life is virtually impossible for anyone. Moreover, it is difficult to predict what the future holds. Hence, it is best always to be prepared for any eventualities. Though you wish it will never happen, your family could be planning a funeral in the next week or month. Only fate knows!
When a person passes, they say it is the loved ones left behind who carry the heaviest burdens, emotionally and financially. But, it doesn’t have to be that way. With End of Life Insurance, you can guarantee your family and loved ones a worry-free funeral and wake preparation process as you would have already paid for all the service details ahead. If you are not convinced, consider the following benefits of investing in this type of insurance policy.
- Beat Inflation and Rising Funeral Costs
For the bereaved, grieving is a particularly tumultuous time, and it becomes even more so when you top it off with the massive financial burden that goes along with death. Like real estate or goods in the market, the cost of a funeral, memorial, wake, or cremations service continues to rise each year. While you may be thinking you are still too young to be thinking of caskets, it is vital to note that a casket that costs 15,000 USD today will go upwards of 34,000 USD in the next ten years. Unless you want your family and remaining loved ones to be swamped in loans or soliciting donations to fund your future send-off, you should consider your End of Life insurance options as soon as possible. This coverage protects you against inflation as you pay for what you want with current market pricing.
- Confidently Secure a Burial Plot
The stark reality is people die every single day. That’s a fact of life! When you Compound all the deaths since the 20th century, it is no doubt many cemeteries are running out of burial plot space. This can lead to overcrowding or can result in the need to open up more cemeteries. Without an End of Life insurance at your disposal, your family cannot guarantee that they can purchase a burial plot of your choice or one that is in close proximity to them so they can visit you often. End of Life insurance policies allows you to secure a burial plot in advance, ensuring that you will have a final resting place in a location of your choice. Notably, a burial plot is still land and is, therefore, subject to a yearly increase due to inflation.
- Avail of Cheaper Rates, Promos, and Discounts
Insurance companies or death service companies that offer End of Life policies may offer you promos. Not only that, but even casket sellers, burial homes, and morgue services offer discounts to clients if they avail of a plan early on in their life. Remember, most End of Life policies are based on your age, so the sooner you purchase one, the cheaper it will be. Most of all, unlike traditional life insurance policies, and End of Life coverage does not require a medical check-up. Moreover, you may also enjoy additional promos and discounts from funeral flower flowers to niches. Noteworthy, most End of Life insurance plans offers death and funeral packages that are much cheaper than sourcing things yourself.
- Hassle-Free Process
It is difficult to grieve over the loss of a loved one when you are frantically trying to put together a funeral and memorial service. This is a headache that you do not want to leave your loved ones with. By investing at an End of Life insurance, you can reduce the burden on your loved ones. They do not have to worry over the hassle of having to source, fund, and organize your final farewell. With this policy in place, you give them the gift of time to grieve properly.
- Peace of Mind
Above all, having end-of-life insurance gives you peace of mind. Firstly, you get the assurance that you will be buried in the manner you specified in the policy. Secondly, you won’t spend your last remaining days worrying about how your loved ones will pay for and organize your final disposition. Instead, you’ll be able to enjoy those last days thinking of memories and people that bring you joy. Above all else, it will ease your heart knowing that you will be leaving the world, not with burdens gifted to your family, but with memories of laughter and joy you shared with one another.
Final Word
You may think you are not yet “there” so planning your departure from the earth is out of the question. However, remember that it is never too soon to prepare for the unknown. There is so many End of Life insurance policies and plans out there for you to invest in. Some are even customized to your budget requirements and specifications. Contact a reputable insurance or death services company today. Make inquiries about their plans because purchasing this ahead is one of the biggest acts of love you can do for your family.
