Sentences with phrase «anticipated funeral costs»

Policy face amounts will usually range from $ 5,000 to $ 30,000 depending on the anticipated funeral costs and other expenses that need to be accounted for.

Not exact matches

In addition to funeral costs, your death can trigger costs to your estate that you may not have anticipated:

By adding money into a funeral insurance policy for these anticipated costs, your survivors will not be left with unpaid medical bills once you are gone.

For example, if you and your parent (or parents) have a goal of covering most or all of their anticipated costs with a final expense policy, then it can be a good idea to contact several different funeral homes in your area (or in the area where your parents plan for their final interment) and ask how much the various services cost.

Another method is to add up the total bills, such as credit cards, mortgages, car payments, loans and funeral costs, while also estimating and anticipating future bills (the need for a new car, tuition for your children, inflation etc.) If the goal is to simply replace an income, as might be the case when both spouses are professionals, the estimate should be based on the annual income multiplied by the number of years of income that you want the life insurance to cover.

The life insurance should include funds for anticipated final expenses such as funeral costs, too.

In particular, life insurance proceeds might be used to pay debt, the cost of the funeral, estate taxes, future college tuition, or any other current or anticipated expense.