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Showing posts with the label Burial

Why You Should Consider Burial Life Insurance in Michigan

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If you're like most people in Michigan, you probably don't like to think about your own mortality. But the fact is, everyone eventually dies, and if you don't have life insurance to cover the costs of your final expenses, your loved ones will be stuck with the bill. One option to consider is burial life insurance, which is a type of whole life insurance that is specifically designed to cover the costs of your funeral and other related expenses. Here are a few reasons why you should consider buying burial life insurance in Michigan. 1. Michigan Funeral Costs are Expensive and Continue to Rise. The average cost of a funeral in the United States is $7,000, but that number is expected to rise to $9,000 by 2030. And that doesn't even include the costs of cremation or a headstone. If you want your loved ones to be able to afford a dignified funeral service without going into debt, burial life insurance can help. 2. It's More Affordable than You Might Think While the thoug...

Burial Insurance Information and Questions

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We’ve all heard about the importance of having life insurance, but is it really necessary? Usually, the answer is “yes,” but it depends on your specific situation. If you have a family who relies on your income, then it is imperative to have life insurance protection. If you’re single and have no major assets to protect, then you may not need coverage. In the event of your untimely death, your beneficiaries can use funds from a life insurance policy for funeral and burial expenses, probate, estate taxes, day care, and any number of everyday expenses. Funds can be used to pay for your children’s education and take care of debts or a mortgage that hasn’t been paid off. Life insurance funds can also be added to your spouse’s retirement savings. If your dependents will not require the proceeds from a life insurance policy for these types of expenses, you may wish to name a favorite charity as the beneficiary of your policy. Permanent life insurance can also be used as a source of cash in t...