What we leave behind for our families should never include debts for funerals or medical bills. But often this is the case. Legacy preparation includes a final wishes document, will, and a final expense life insurance policy to offset and cover the “final expenses” that arise following a loved one’s death.
At Ascend Financial Group these policies are often smaller policies of $35,000 or less, and can be as small as $2,500. Amounts are usually based upon the person’s needs. These are whole life policies and will last the entire life of the insured. Often times these are necessary for seniors whose term policies have expired, but the need for some type of coverage is still necessary.