1. End of Life Expenses
What is considered end of life expenses?? Here we’re talking mostly about your health care costs. If you have battled a disease or long-term illness, then no doubt you’ve racked up quite a hefty amount of bills.
None of your healthcare-related costs disappear after you die. Your family will still be held liable for any healthcare-related debts that you leave behind.
The hope here is that you have enough health insurance to cover the costs so that your spouse isn’t left with an overwhelming amount of debt.
There are other costs associated with dying, such as your funeral arrangements. A funeral in itself can be a costly affair that most families can’t afford on their own. You don’t want to put your family in a position where they can’t celebrate your life.
A funeral is a celebration of life, but it’s an exceptive way to celebrate. Make sure that there’s plenty of money available for a funeral that is suitable for the great person you are.
Life Insurance Is a Must for the Living as Well as the Dead
No one wants to think about dying. In an ideal world, we would live forever, but the world is less than ideal. Life insurance is the one thing that protects the people you love from something terrible happening to them.
Do the right thing and make sure everyone is taken care of when you die. Your family is the most important thing in your life, and not making sure they are financially secure would taint your memory.