A turn of events leading to your life’s loss could financially burden your family. If you decide to purchase life insurance while you are young and healthy, you could prevent monetary strains that your loved ones would need to deal with in the future.

Life Insurance

Life insurance coverage will provide your beneficiaries with a death benefit. This benefit is typically paid out in the form of a lump sum. A whole life insurance policy builds a cash value over time. Each year, the value increases. A term life insurance policy does not build a cash value.

The portion of the life insurance policy assigned to your estate can be used to cover your final expenses. This money will be paid out separately from your beneficiaries’ proceeds.

Final Expenses

• Cremation
• Burial
• Urn
• Casket
• Embalming procedure
• Flowers
• Memorial

Your Assessment

An assessment will help you determine the right life insurance coverage amount for you. During your assessment, record the cost of any services that will take place before and after your memorial ceremony.

If you aren’t familiar with the cost of a funeral or any other service you prefer, consult a funeral director. Your assessment will help you gauge how much life insurance coverage you need.

Remember, the amount designated for your final expenses will not be related to the amount that your beneficiaries receive.

Contact Attain Insurance

Contact one of our agents serving Fort Payne, AL, to learn more about whole life insurance and term life insurance policies. A representative of Attain Insurance can help you schedule an appointment with an agent.