Nobody wants that, but at some point a day comes when we all live this life. After we move to bigger and brighter worlds, our loved ones have to cope with a lot of grief.
Bereavement is extremely hard not only psychologically but also financially. Funerals are getting more and more expensive each year, and in the UK there is already a name for the phenomenon: funeral poverty. People can not afford a funeral service and neither can their loved ones, because even a modest funeral can cost up to $15.000 in the us.
Final expense insurance comes in extremely handy for everyone who does not want to leave their loved ones under too much burden. This kind of insurance often comes as a part of a whole life policy, like in case with Statefarm or other big name insurance providers.
No matter if you are getting your final expense insurance as a part of your whole life plan or as a separate policy, you're doing the rigth thing. If you can find a great deal on the plan, go for it.
If you do not want to pay monthly for the final expense plan, consider pre-funding your funeral. Check this PDF if you wish to learn more about pre-funding funreals.