1. Funeral and Burial Expenses
More than two million people die in this country every year. Each year Americans spend billions of dollars paying funeral and burial (or cremation) expenses for spouses, parents, siblings, children and friends.

Funerals and burial (or cremation) rank among the most expensive purchases most consumers will ever make. A traditional funeral service along with the cost of a casket and vault is approximately $6,000-$8,000 these days. This doesn’t include the costs of traditional in-ground burial such as the cemetery lot, opening and closing the grave and the marker or headstone. These cemetery costs average $4,000-$6,000.

Extra costs like flowers, limousines, cards and notices and more can add another $1,500-$2,500 making the total cost of traditional funeral and burial anywhere from $11,500-$16,500 today.

These are the costs today but one has to consider the future effects of inflation. What will funeral/burial costs be 5-10-15-20 years from now?

Seniors are very aware of the reality of inflation, many seniors can remember when a first class postage stamp cost 4 cents not 41 cents or when a gallon of gas cost 19 cents not $3.39. What has happened to the cost of funeral/burial in the past 30 years and what will happen in the next 20 years?

It’s uncanny how accurate these predictions have become costs were predicted to rise from $2,975 in 1975 to $14,597 by 2005 and that’s what has happened. By 2015, the prediction is that costs will rise to an average of $26,147 by the year 2015 and $46,426 by 2025. There are many seniors today with zero or $5,000-$10,000-$15,000 of life insurance coverage who should consider applying for more coverage while they can still qualify.

That’s where Senior Life Services can help with the most competitive premium rates and easy qualification. We can cover virtually anyone up to age 85 regardless of medical history.

None of us want to create an additional emotional or financial burden for our spouse, children or other loved ones when we pass on. A low cost final expense whole life insurance policy through Senior Life Services is the best solution – CONTACT US.

2. Other Final Expenses
When a loved one dies there are often other expenses not just funeral or burial such as: --

• Unpaid hospital and doctor bills
• Unpaid federal and state taxes
• Unpaid debts and bills (credit card, bank loans etc)
• Probate costs and attorney fees

Someone in your family will have to meet the costs of all these final expenses unless you relieve them of this burden with a low cost whole life insurance plan through Senior Life Services.

Funeral/burial plus other final expenses can easily be over $20,000 today much more in the future.

view “There are only 4 ways to pay final expenses”

3. Income Replacement
Many married seniors are not aware that the household income (for the surviving spouse) is dramatically reduced when first spouse dies.

For example both are receiving social security checks, his is $1,200, hers $900 per month. He dies so the household income is immediately reduced by $900 per month that’s a 43% cut in income from social security.

Another example would be where that husband or wife is receiving a work related pension of say $800 per month, which will stop when they die.

Many seniors today are still doing a full or part-time job to supplement their retirement income again this will reduce the household income for the surviving spouse.

The surviving spouse is going to have to adjust to the loss of household income when their partner dies. A low cost whole life insurance plan through Senior Life Services can provide a much needed lump sum of $10,000- $15,000-$20,000 or more to give the survivor some time to reduce their outgoings as they adjust to the loss of income.

4. Special Loved One
Purchasing and paying for life insurance is a selfless “act of love” because you, the insured, will not be around to claim the money, that will be paid tax-free to your beneficiary, your “special loved one.”

Most of us have one or more special loved ones who we love unconditionally – a spouse, a son or daughter, a grandson or granddaughter, a niece or nephew, a sister or brother, a lifelong friend. A senior living on a fixed income may not have assets to leave to that loved one but they can take out a low cost whole life insurance plan with Senior Life Services to leave a legacy for their loved one.

5. Church and Charity
Many seniors have a strong affiliation with a particular church or charity; they would probably like to leave a lump sum to help their church and pastor or their charity when they pass way.

Senior Life Services can usually guarantee a lump sum for your church or charity with a whole life plan that you can afford.