The Real American Horror Story!

If you take nothing else away from this post, think about this:

Your funeral is going to be expensive. Depending on your family’s financial situation, $7000 to $10,000 is going to be a burden–an unnecessary burden, when having enough coverage to cover the cost of your burial is simple, affordable, and prudent.

When a family is mourning the loss of a loved one, money is the last thing they want to worry about. Unfortunately, families that can't afford the cost of a funeral or unpaid debt can't help but worry. Without life insurance, the family and estate are responsible for paying funeral expenses and debt. Believe it or not when a person dies, the estate is responsible for unpaid bills. If a person has assets that aren't protected, such as investment properties or bank accounts without a beneficiary, the assets become subject to probate. Creditors can and most the time will submit a claim to the probate court for the amount of debt. Before any assets are divided, the debt is paid. Any remaining assets are inherited as declared in a will or specified by state law.

Along with funeral expenses and debt obligations, a family left behind may have a difficult time making ends meet without the benefit of a family life insurance policy. Though the Social Security Administration does provides the surviving spouse or child a one-time death benefit, as of 2019, that death benefit was $255. We believe the best plan is preparation so don't let financial burden befall you and your family, with proper planning you can escape from the true American Horror Story.


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