Search

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.

38 views0 comments

Recent Posts

See All
 

Subscribe Form

(931) 266-2665

  • Facebook

©2018 by Life Solutions Insurance Blog.