Medical bills and funeral costs are at an all time high. Having life insurance means when you pass away a settlement is paid to your family and loved ones. Often this money is used to handle your medical bills and funeral costs and the remaining money is goes to who or what you described in the living will or trust.
Having life insurance gives you a peace of mind in the event you or your loved one unexpectedly passes away. These funds often are helpful during the mourning process where the significant other can take time off work until they’re ready to go back. Life insurance is often over looked by many because they’re not getting the money. Contrary to popular belief these policies often help pay or reimburse the cost in the celebration of life of those that passed away with a policy.