To determine the amount of final expense coverage you will require, you will first need to try and estimate your total final expenses, which is a simple process with only 4 steps.
- Step 1: Estimate Household Expenses
- Step 2: Factor in Funeral Expenses
- Step 3: Add to Find Total Final Expenses
- Step 4: Take Inflation Into Account
The reasons to consider funeral insurance aren’t purely financial. Time, energy, stress, peace of mind, and other considerations can play a big part in the plan that’s right for you,” said Juan Carlos “JC” Doitteau, President at Insurance Pro.