A recent article by U.S. News addresses the rising cost of funeral expenses, and provides Americans with some insight on how to handle end of life expenses.
Unfortunately, it seems few Americans understand the importance of final expense insurance. The article cites data from a 2013 poll that shows few Americans are prepared to handle funeral/burial costs. As a final expense insurance provider, Financial Providence Group understands the importance of knowledgeable preparation. Our agents are dedicated to informing our clients with up-to-date insights on the costs they can expect, while helping with preparation along the way. Our mission is to make sure families are provided for when the time comes. No surprises, just peace of mind.
“83 percent of the 949 (polled) respondents were either not prepared for the financial responsibilities of a funeral or had no idea what a funeral actually costs.”
-National Foundation for Credit Counseling poll, 2013
The article also addresses the need for funds immediately following the passing of a family member or loved one– “Many people count on their survivors using proceeds from their life insurance policy to fund their burial costs. But funeral homes typically require immediate payment, and the insurer may not be able to process claims that quickly.” While most final expense insurance providers take weeks to process a claim, Financial Providence Group WILL pay your non-contestable claim within 24 hours of receiving a death certificate. This is an invaluable, and unrivaled benefit. We understand the need for swift, efficient service, and making that happen for our clients is what sets us apart.
“Having funds more readily available for your survivors could prevent timing issues.”
Final expense costs can be a burden, but they don’t have to be. Financial Providence Group is committed to doing whatever it takes to make sure our clients are informed, prepared and taken care of when the time comes.
We invite you to contact us to learn more about how we can help.