Life Insurance for Seniors over 80: It makes sense for you

TAMPA, Fla. - Dec. 28, 2014 - PRLog -- Life Insurance for Seniors over 80: It makes sense for you

One thing we know about funerals, death, and dying is that no one really wants to plan for it.

Death is entirely inevitable, yet so many families do nothing to ensure that the financial aspect of death is taken care of.
And when this happens, the pain of the loss is made much worse than it should be.

Imagine losing your mother then realizing that she doesn’t have any life insurance.
Now imagine that you don’t have the money to pay for a proper burial or cremation.

The Truth: Funerals Are Expensive
According to the National Funeral Directors Association, the median cost for a traditional funeral in the United States was around $7,045 in 2012 (This includes basic services of the funeral home, embalming, visitation, a funeral service, hearse and car rental, and a basic metal casket). As you can see, the cost of a traditional burial has been rising faster than inflation for many years:

*National Funeral Director’s Association (http://nfda.org/about-funeral-service-/trends-and-statist...), Trends and Statistics, 2013
And keep in mind, the cost of an average funeral doesn’t include cemetery expenses such as burial space, a burial vault, the opening and closing of a grave, or a headstone. When accounting for those expenses, the average cost for a traditional funeral rises dramatically, usually to somewhere between $9,000 and $12,000.   Funerals are just like anything else; there are plenty of ways to save if you choose an inexpensive casket, vault, or service package. Likewise, there are plenty of ways to splurge, especially if you prefer higher quality materials.

Traditional Burial vs. Cremation
One way many families keep costs down is to choose cremation instead of traditional burial. The price tag for a cremation varies due to regional influences and other factors, but the average cost was around $3,000 in 2012. When a body is cremated, there is typically no need to buy a casket or vault, nor do you have to pay for burial space or a headstone. Being able to forgo some of these larger expenses is one way cost-conscious consumers can cope with high costs. Because of the savings and other factors, the U.S. cremation rate has been on an upward trend for decades:

*National Funeral Director’s Association (http://nfda.org/about-funeral-service-/trends-and-statistics.html#cfacts), Trends and Statistics, 2013
But, choosing cremation doesn’t always solve a financial crisis. The problem is, some families don’t have the money to pay for the funeral they want, regardless of the cost. This is especially true when there is no life insurance in force, or the family discovers that it has unknowingly lapsed or expired.

The Gift of Planning Ahead
The best way to ensure that your family doesn’t have to deal with this type of situation is to plan ahead. This typically involved buying a life insurance policy and putting your final wishes in writing. (http://mintcofinancial.com/)
Although no one wants to do these things, making preparations for your death makes perfect sense.  Think about it. We prepare for everything in our lives; we save for college, for weddings, and for retirement. Why shouldn’t we plan for our final days and our inevitable demise?  It’s certainly depressing, but not as depressing as leaving your family in a desperate situation just moments after your death.
Mintco Financial Team of Advisors has helped many families and individuals like yourself to plan and find the best life insurance policy.
You can compare the rates in the website www.MintcoFinancial.com
Or call direct to 813-964-7100 or 716-565-1300
Mintco Financial works with many insurance companies. Also if you are in good health and up to 89 years old we may find a life policy for you ( Depending in which State you live).
Call now
813-964-7100