WHY IS FINAL EXPENSE INSURANCE IMPORTANT? With death comes a heap of expenses from outstanding debts to medical bills and the cost of burial... Your estate is used to pay as much of this as possible, but will there be anything leftover for your loved ones?
Is your business protected?
Burial and Funeral Expenses are on the Rise
60% DIP in Sales
Upon the death of a partner, business' see on avg. a 60% decrease in sales and are 20% less likely to survive after 2 years 1
227%
From 1986 to 2017 funeral expenses increased 227.1%!! 4
It’s very common to experience upwards of $11,000 in out-of-pocket costs for funeral and burial expenses alone 5
Hospital care in the last month of life can exceed $3 2 ,000 6
6 0%
adults that die in acute care hospitals adults that die in a hospital
30%
Examples of Final Expenses :
Funeral home rental, service, etc. Burial expense (plot, urn, casket, etc.) Embalming or cremation Medical bills Hospice Care Credit Cards, Auto loans & other debt
Genetics Don’t Tell the Whole Story
The highest fatality rates are seen in workers between the ages of 55 to 64 years old 3
The Difference in Mortality Between Men and Women
WOMEN'S LIFE SPAN IS 8% HIGHER THAN MEN'S
Men are three times as likely as women to die from injuries... 7
1. Forbes 2. FuneralWise
3. CDC.gov 4. U.S. Bureau of Labor Statistics
5. FuneralWise 6. Arcadia Healthcare Solutions
7. prb.org
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