Final expense

FINAL EXPENSE
PROTECTION

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION

“It Is The Primary Way To
Protect You And Your Family
From The Immediate Burden
Of Funeral Expenses”

PURPOSE:
Final Expense
Life Insurance

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION

You Might ASK…

(1) What are the various expenses I can
expect
as part of the funeral arrangements?

(2) What are the costs involved?


Funeral Expenses Include:
IMMEDIATE EXPENSES ADDITIONAL EXPENSES
• Funeral Services • Legal Fees
• Cemetery Plot • Pay off Debts
• Casket • Medical Bills
• Headstone • Pay off Mortgage
• Visitation / Viewing • Pay off Credit Cards
• Transportation • Pay off Car
• Flowers • Legal Costs of Death
• Embalming (Probate, Taxes etc.)


How Much Will
These Items Cost Me
And My Family?


Average Cost of a Funeral in 2008
Was $10,800
Breakdown of Expenses:
Funeral Director Services $ 1450
Cemetery Plot $ 1200
Casket $ 2300
Headstone $ 1500
Visitation / Viewing $ 400
Transportation $ 625
Flowers $ 400
Embalming $ 600
Misc $ 2400
Grand Total of $
10,875


Three Important Topics
to Consider
1. Who is responsible to
pay for these expenses?

2. What happens to the
spouse that is left behind?

3. What are the 3 ways to
pay for these funeral costs?


Who’s Responsible To Pay?
Remember!!
• Expenses must be paid before the funeral

Your Spouse?
will be allowed to take place.

• Funds must be liquid.
Your
Children?

• Traditional life insurance policies (term, UL,
large whole life plans, employer plans) will take a
minimum of:30 DAYS TO PAY OUT!!
Other Family
Left Behind?


What Happens To
The Spouse That Is
Left Behind?


Spouse Left Behind…
Loss of Income…
Social Security Payment Changes - When one spouse dies, the other
automatically receives the higher of the two social security payments, and the
lower of the two drops off.
✴ This is a hardship for the
EXAMPLE: widow left behind, because all
of her expenses will stay the
same, or in some instances
A husband is receiving a $1,200 a increase, yet she will be living
on roughly half of the money.
month payment from Social Security
and his wife is receiving $1,000. If he
were too pass away first, the wife will
begin to receive his Social Security
Benefit of BUT WILL LOSE
$1,200,

✕
HERS… $1,200
HUSBAND $1,200 + WIFE $1,000 = $2,200


Spouse Left Behind…
MEDICAL BILLS – In addition to the loss of income and
The cost of the funeral itself, there are usually END-OF-
LIFE
Medical bills that are not covered by Medicare or
Medicare Supplements.

ADDITIONAL EXPENSES
• Pay Off Debts – Mortgage, Car,
• Medical Bills – Co Pays & Deductibles
Credit Cards etc
• Any Expenses Not Covered By Medicare
• Legal Fees
• Other legal costs of death - Probate, Taxes
etc


3 Ways to Pay…
2. Leave the Burden to Your Spouse/Children
•Most-Undesirable
•No one wants to leave behind a legacy of debt
•Creates a financial strain on the remaining family
members to come up with immediate cash.

1. YOU PAY • Credit Cards
• Checking Accounts Pre-Paid Funeral Expenses
•
• Savings Account

3. Final Expense Protection Plan
• Provides a low cost way to prepare for ALL of
the expenses associated with the END-OF-LIFE.


Key Benefits To A Final Expense
Protection Plan
• Easy to apply for
• No medical exam required
• You can never be canceled
• Plans build cash value
• Funds are set up immediately in a person’s name
- NO WAITING PERIOD! -

Benefits Your Family
• Gives yourself and your family peace of mind
• Relieves them of this financial burden
• Helps cover these immediate costs
• Reduces the emotional toll on your spouse and the
rest of the family.


Final Expense
Protection Plan Options
Benefit to
EXAMPLE: Monthly Cost
Children
Replacement of
Income +
Expenses

Comprehensive

Cost - Sharing


Additional Plan Benefits
 Guaranteed never to increase in price.

 The benefit paid to you and to your family can
never be lowered.
 Money is protected from Income Tax.
 Funds are made available to your family
almost IMMEDIATELY.


Who Sets Up This
Cash Account
For You?


Company Benefits
• Many Companies – Foresters, a
company • Dedicated to great customer service

• Over 100 years old, very reputable in the • Allows individuals and families to take
the money out early in the event that the
insurance world. insured the becomes terminal, ill.

• Know for paying their claims very quickly
Additional Member Benefits:
(with in 7 days) Available to all Members- At No Cost!

• Community Outreach Programs • Children & grand children Scholarships -
$350 a year.
• Building playgrounds for communities –
August in Detroit • Orphan for immediate
family members. Benefits – Scholarships
• Supporting local Children’s Miracle
Network Hospital – 17 Million children • Critical illness benefit
helped each year.
• Organizing family events in the area.
• Financial Counseling and free legal
services.


AS YOU CAN SEE,
These Plans Not Only Benefit
You, But They Take Care Of
Your Loved Ones Around You
As Well!!


Final expense

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