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I’ve got the Funeral Covered, But How Do I Pay the Remaining Bills?

Advertisements promoting awareness of a person’s final expenses flicker across televisions and publications across the nation. When dealing with the pending loss of a loved one, people find solace in an ending to pain and suffering of the deceased. Unfortunately, the true battle is only beginning for family members and friends left behind. Final-expenses describe the last costs associated with a person’s life. These expenses don’t end with the cost of a funeral service. Unpaid bills upon death will be inherited by those left behind. Family members experience the stress caused by the intense amount of grief felt. This causes them to easily lose track of hidden fees and costs found during the process of planning a funeral. This state-of-mind results in choosing expensive options without the financial backing to cover them. Final expenses are the last expenses a person has in life. Without insurance to cover them, family will be held responsible for their payment.  For people with outstanding medical debt, hospitals and medical providers will bill the debts to the next of kin of the deceased. Many of the elderly experience hospitalizations prior to their death. While Medicare or medical-insurance pay a majority of the costs incurred, the remaining co-pays after processing are billed out. The amount of monies owed runs into the tens of thousands of dollars if the deceased suffered from multiple medical problems.


  For example, the CDC has identified that as much as 9.3% of the US population has diabetes in 2014. For these individuals, they have lost their body’s ability to heal properly. In diabetes, cells don’t have an adequate way to get nutrients, sugar, into the body’s cells. This results in loss of circulation, chronic fatigue, and overactive kidney functions. The problems caused by diabetes take a large amount of medical care and dedication to control. Thousands of people experience the loss of limbs and senses due to this devastating disease. Sadly, diabetes has become the leading cause of death in America. In these cases, there will be unpaid debts belonging to the deceased. 


Final-expense-insurance offers protection against a taboo subject in society: premature death. These insurance policies often cost less than traditional-life-insurance. Insurance companies design final-expense-insurance to cover the remaining costs with the closure of a person’s life accounts. Final-expense-insurance gives the remaining family members the ability to pay outstanding, exuberant medical debts. It allows the family to use other policies, such as life-policies, to pay for the loss of income associated with the death of the primary worker in a family.  Younger individuals will find final-expense-insurance at much lower rates than older individuals. Imagine a father of four who loses his life in an automobile accident. This insurance policy can provide a way for the family to maintain their credibility to debtors without using the monies from other insurance policies associated with the deceased. 


In addition to the bills someone had in life, final-expense-insurance covers costs incurred following death. For some people, the amount of wealth may require the hire of lawyers to oversee distribution of a person’s assets. When assets are passed along to a family member, the federal government assesses taxes upon the value of the estate. Moreover, there are many costs associated with liquidating a person’s assets upon death. If the house must be sold, realtor costs must be taken into account when putting the house on the market. Many realtors charge upfront partial payments to cover themselves if the house doesn’t sell. The owners may need to recondition properties to make them appealing and increase their chances of selling. Most utility companies will release deposits credible to the account of the deceased when notified of his passing. In the event the deposit doesn’t cover the total amount due, the remaining balance will be billed to the designated family member. 


This insurance provides a means to pay for funeral services when a burial-insurance-policy wasn’t purchased. Families need time following a loved one’s death to process their new reality. Spending time worrying about financial obligations to a funeral home only causes additional undue stress. The beneficiary of this insurance policy has the option of spending it on the remaining expenses in any matter he determines. The payout provides relief for the cost of all of the funeral services including the casket, which can easily cost more than the total cost of the funeral service depending upon its construction and design. Metal and intricately carved caskets cost much more than traditional wooden caskets. Also, the cost of the headstone isn’t included in the costs paid to the funeral home. If someone chooses burial over cremation, designing a headstone takes more energy than the planning of the funeral. The headstone stands as symbol of a person’s time on earth. The impact of deceased becomes measured in granite and rock, and it has a price. 


While death remains a frightening topic in the world, dealing with it doesn’t have to be. The large amount of available insurance policies, which cover death’s costs, will provide a security blanket for millions in an emotionally charged and stressful time. Insurance policies can be written in many different forms according to the wishes of the policy-holder. The beneficiary receives the monies needed to successfully transition into a new life without the deceased much easier than those forced to pay out of pocket for funeral services or final expenses.