Family Legacy Insurance offers final expense insurance and it is an insurance policy, which covers the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as burial insurance. Unfortunately, even bare-bones funerals can cost thousands of dollars.
The average funeral cost now is approximately $8,500. But, $10,000 might be a better estimate. However, if you add in additional fees for flowers, cemetery, obituaries, headstones, monuments, etc., the cost can rise to nearly $15,000. If you account for a 5% inflation rate per year, the average cost by 2030 would be about $18,200.
Buying final expense insurance or burial insurance for parents. For example, they may be afflicted by a severe disease or simply may not have the financial means to pay insurance premiums. In such instances, you, as a dependent, may be able to purchase elderly insurance that covers your financial expenses upon the passing of your parents at Family Legacy Insurance.
A family legacy means the accomplishments, beliefs, actions and guidance you demonstrate in your lives – that carry forward to future generations in a fashion which allow those family members to adopt and adapt them to make their lives meaningful and fruitful. This is one of the main reasons we founded our company with the name Family Legacy Insurance.
The meaning legacy is a gift of property, especially personal property, as money, by will; a bequest. It can be anything handed down from the past, as from an ancestor or predecessor. It can be endowed or conveyed from one person to another. It is something descendible one comes into possession of that is transmitted, inherited or received from predecessor.
It is a gift of personal property or money to a beneficiary (legatee) of a will. While technically, legacy does not include real property (which is a "devise"), legacy usually refers to any gift from the estate of one who has died. It is synonymous with the word "bequest."
In law, a legacy is something acquired by inheritance, or by a will. In historical terms, a legacy is something that is handed down from one period of time to another period of time. Often it means something handed down from an ancestor or predecessor.
Legacy planning is a financial strategy that prepares a person to bequeath his or her assets to a loved one or next of kin after death. There are some circumstances that a person can bequeath to a charity. These affairs are usually planned and organized by a financial advisor.
A living legacy is a way to capture life lessons, stories, sentiments, memories, and traditions. Legacies convey what we want remaining generations to know and understand about our life experiences. They help us to remember and heal as we carry on important traditions.