The amount of Final Expense Insurance you need depends on the anticipated costs of funeral services, burial or cremation, and any other outstanding expenses. Choosing the right amount of final expense insurance is crucial. Consider including any outstanding debts, such as credit card balances, loans, or medical bills, in your coverage. This helps ensure your family isn’t left with these financial responsibilities.
The primary goal of final expense insurance is to cover funeral and burial costs, which can vary based on personal preferences and location. Coverage amounts can range from $2,000 to $100,000 for individuals aged 45 to 85. Reviewing your policy options and considering your budget and lifestyle can help you determine the right coverage for your needs.