Final expense

FINALEXPENSE
PROTECTION

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION

“It Is The Primary Way To
Protect You And Your Family
From The Immediate Burden
Of Funeral Expenses”

PURPOSE:
Final Expense
Life Insurance

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION

You Might ASK…

(1) What are the various expenses I can
expect
as part of the funeral arrangements?

(2) What are the costs involved?


Funeral Expenses Include:
IMMEDIATE EXPENSES ADDITIONAL EXPENSES
• Funeral Services • Legal Fees
• Cemetery Plot • Pay off Debts
• Casket • Medical Bills
• Headstone • Pay off Mortgage
• Visitation / Viewing • Pay off Credit Cards
• Transportation • Pay off Car
• Flowers • Legal Costs of Death
(Probate, Taxes etc.)
• Embalming


How Much Will
These Items Cost Me
And My Family?


Average Cost of a Funeral in 2008
Was $10,800
Breakdown of Expenses:
Funeral Director Services $ 1450
Cemetery Plot $ 1200
Casket $ 2300
Headstone $ 1500
Visitation / Viewing $ 400
Transportation $ 625
Flowers $ 400
Embalming $ 600
Misc $ 2400
Grand Total of $
10,875

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY •• NOT FOR CONSUMER DISTRIBUTION
COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only NOT FOR CONSUMER DISTRIBUTION

Three Important Topics
to Consider
1. Who is responsible to
pay for these expenses?

2. What happens to the
spouse that is left behind?

3. What are the 3 ways to
pay for these funeral costs?


Who’s Responsible To Pay?
Remember!!
• Expenses must be paid before the funeral
will be allowed to take place.
Your Spouse?

• Funds must be liquid.
Your Children?

• Traditional life insurance policies (term, UL,
large whole life plans, employer plans) will take a
minimum of: 30 DAYS TO PAY OUT!!
Other Family
Left Behind?


What Happens To
The Spouse That Is
Left Behind?


Spouse Left Behind…
Loss of Income…
Social Security Payment Changes - When one spouse dies, the other
automatically receives the higher of the two social security payments, and the
lower of the two drops off.
 This is a hardship for the
EXAMPLE: widow left behind, because all
A husband is receiving a$1,200a of her expenses will stay the
same, or in some instances
month payment from Social Security increase, yet she will be living
and his wife is receiving $1,000. If he on roughly half of the money.
were too pass away first, the wife will
begin to receive his Social Security
Benefit BUT WILL LOSE
of $1,200,
HERS…
HUSBAND$1,200+ WIFE $1,000=$2,200
$1,200


Spouse Left Behind…
MEDICAL BILLS– In addition to the loss of income and
The cost of the funeral itself, there are usually END-OF-
LIFE
Medical bills that are not covered by Medicare or
Medicare Supplements.

ADDITIONAL EXPENSES

• Pay Off Debts – Mortgage, Car, • Medical Bills – Co Pays Deductibles
Credit Cards etc
• Any Expenses Not Covered By Medicare
• Legal Fees
• Other legal costs of death - Probate, Taxes
etc


3 Ways to Pay…
2. Leave the Burden to Your Spouse/Children
•Most-Undesirable
• No one wants to leave behind a legacy of debt
• Creates a financial strain on the remaining family
members to come up with immediate cash.

1. YOU PAY
• Checking Accounts • Credit Cards
• Savings Account • Pre-Paid Funeral Expenses

3. Final Expense Protection Plan
•Provides a low cost way to prepare for ALL of
the expenses associated with the END-OF-LIFE.


Key Benefits To A Final Expense
Protection Plan
• Easy to apply for
• No medical exam required
• You can never be canceled
• Plans build cash value
• Funds are set up immediately in a person’s name
- NO WAITING PERIOD! -

Benefits Your Family
• Gives yourself and your family peace of mind
• Relieves them of this financial burden
• Helps cover these immediate costs
• Reduces the emotional toll on your spouse and the
rest of the family.


Final Expense
Protection Plan Options
Benefit to
EXAMPLE: Monthly Cost
Children
Replacement of
Income +
Expenses

Comprehensive

Cost - Sharing


Additional Plan Benefits
 Guaranteed never to increase in price.

 The benefit paid to you and to your family can
never be lowered.

 Money is protected from Income Tax.
 Funds are made available to your family
almost IMMEDIATELY.


Who Sets Up This
Cash Account
For You?


Company Benefits
• Many Companies – Foresters, a
company
• Dedicated to great customer service
• Over 100 years old, very reputable in
the • Allows individuals and families to take
insurance world. the money out early in the event that the
insured the becomes terminal, ill.
• Know for paying their claims very
quickly
(with in 7 days)
Additional Member Benefits: Available to all Members- At No Cost!

• Community Outreach Programs • Children grand children Scholarships -
$350 a year.
• Building playgrounds for communities –
August in Detroit • Orphan for immediate
family members. Benefits – Scholarships
• Supporting local Children’s Miracle
Network Hospital – 17 Million children • Critical illness benefit
helped each year.
• Organizing family events in the area.
• Financial Counseling and free legal
services.


AS YOU CAN SEE,
These Plans Not Only Benefit
You, But They Take Care Of
Your Loved Ones Around You
As Well!!


Final expense

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