NEWS
The primary purpose of life insurance is to replace your income and provide financial security to your dependents when you're gone. And therefore, most people do not see the need to buy life insurance for their children, given that they don't depend on them financially. However, several other reasons why buying life insurance for your child may be a good idea.
Burial insurance, or final expense insurance, is a type of life insurance policy that covers end-of-life expenses such as funeral costs, medical bills, and other expenses that you may leave behind after passing on.
You may be wondering if getting a burial insurance policy is necessary. According to the latest reports by NFDA, an average funeral costs over $8500 in the U.S – a 30% increase since the last decade. And given that these costs are expected to increase, the
