Life Insurance for aging parents: Why they need life insurance

TAMPA, Fla. - July 22, 2014 - PRLog -- Life insurance provides a death benefit, money that your beneficiary or beneficiaries can use for whatever purposes they choose, helping to:

Pay your last expenses, which may include  taxes and burial costs
Final expense insurance is also called burial insurance or burial life insurance. Regardless of what it's called, the function of such insurance is to help pay for final expenses and burial. Such policies help individuals or their loved ones pay for a funeral service and burial when the person insured on such a policy dies. Saving family members the financial burden of cremation, interment, and other funeral costs and expenses is something that every senior should think about.


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