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 be certain that my family was protected when my time came.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.
Then I found final expense insurance.And it is very much what it says it is. It’s an insurance policy that I have taken out that insures that when my time comes, my family will not be left with the tab.
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.As medical costs can only go upwards, even my final week or so might put a large 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 if I had opted for something like a burial policy, what about the rest of my expenses?
It is certainly true that not one of us knows when our span is ended, that makes it difficult to precisely 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.
Truthfully I expect to be breathing for a good long while. 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.By itself this means that it is more valuable than any other insurance I’ve carried.
Tags: final expense insurance, general insurance, personal finance