Final Expense Insurance
Often referred to as burial insurance, final expense insurance is designed to pay for some or all of your funeral expenses. Growing up with the family business being a funeral home, I’ve seen the costs of funerals skyrocket over the years. In 2019, the average cost of a funeral is between $7,000 to $9,000 and it’s not uncommon to see the cost rise above $12,000.
The costs can depend on whether you’re cremated or whether you have a full funeral with casket, vault, head stone and other services. I’d suggest if you’re being cremated, then you may not need final expense insurance.
Final Expense insurance is a whole life insurance policy that allows you to purchase insurance in smaller increments and the price is generally affordable unless you have major medical issues. Most companies offer a guaranteed issue policy so you cannot be turned down.
Check the background of your financial advisor on FINRA’s BrokerCheck
Investment advisory and financial planning services are offered through Alphastar Capital Management, LLC; a SEC registered investment advisor. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Alphastar Capital Management, LLC is also available on the SEC’s website at adviserinfo.sec.gov. Live Free Retirement Advisor and Alphastar Capital Management, LLC are separate and independent entities. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Live Free Retirement Advisor offers insurance products through individuals licensed sell insurance. Comments regarding guaranteed returns or income streams refer only to fixed insurance products offered by Live Free Retirement Advisor and, unless specifically stated, do not refer in any way to securities or investment advisory products offered by Alphastar. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered or guaranteed by Alphastar.
Check the background of your financial advisor on FINRA’s BrokerCheck
Investment advisory and financial planning services are offered through Alphastar Capital Management, LLC; a SEC registered investment advisor. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Alphastar Capital Management, LLC is also available on the SEC’s website at adviserinfo.sec.gov. Live Free Retirement Advisor and Alphastar Capital Management, LLC are separate and independent entities. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Live Free Retirement Advisor offers insurance products through individuals licensed sell insurance. Comments regarding guaranteed returns or income streams refer only to fixed insurance products offered by Live Free Retirement Advisor and, unless specifically stated, do not refer in any way to securities or investment advisory products offered by Alphastar. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered or guaranteed by Alphastar.