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Final Expenses

What is Final Expense Insurance

When we pass on our family’s or loved ones have two basic options when dealing with our remains. We can be buried or cremated depending on their choice and financial capabilities. One of the most common statements Nevada Life Services hears from its senior clientele is, “Just take me out to the desert and dump me there, so no one has to deal with it.” We all know that this is not a viable solution or even legal for the situation. People say this and other comments typically because they are scared about their passing or because they have regrets for not preparing for it sooner. No one wants to be a burden on their family while they are living or when they pass, but if nothing is done to prepare for this time a burden is exactly what they have become. In addition to denial or procrastination when it comes to preparing for our final expenses, some people truly believe that they have already taken care of it. Contact us for more information about Final Expense Insurance and to learn more about all of your options.

Make Sure Your Loved Ones Are Protected

Another assumption is that the only costs associated with final expenses are the burial or cremation. While these two items are the most obvious expenses, there are many other associated costs. Medical bills, attorney fees, outstanding debts, memorial services, loss of income, transportation of remains and preparation of the body are just a few of additional expenses that can occur. Contact us for more information about Final Expense Insurance and to learn more about all of your options.

What ALL Veterans Need To Know

Mr. Rohac the founder of Nevada Life Services is a combat veteran and even being in the insurance industry misunderstood what benefits were available to himself-regarding the final expense benefits paid by the VA. After doing research on the VA’s website and talking with the local VA advocate he was shocked to find what limited benefits for final expenses were available. The most common benefit is only a $300 reimbursement. If you are a veteran of our armed forces, Nevada Life Services strongly encourages you to do your own research by calling the VA at 1-800-827-1000 or go online to http://www.va.gov. Look under the (Burial and Plot-Internment Allowances tab) to see what category you fall under and what benefits you have. If you do not currently have the benefits you thought you had, please call Nevada Life Services and we will be more than happy to assist you fill this void with the best plan that fits your needs and budget. Contact us for more information about Final Expense Insurance and to learn more about all of your options.

Should I Pre-Pay My Final Expenses?

Pre paying for a funeral in advance is another option for paying for final expenses. If an individual or family pays for these services in full and in advance the need is definitely taken care of. What a lot of people do not understand is that until the service is paid for in full the remaining balance must be paid in full before services are rendered. The difference between paying a monthly payment for a funeral and paying a monthly premium on a final expense policy is that the final expense policy provides a full and complete financial benefit from day one. In some cases as described in associated texts a limited benefit may be paid in the first 2-3 years depending on the proposed insured’s health condition and history at the time of application. Contact us for more information about Final Expense Insurance and to learn more about all of your options.

How Much Does A Funeral Cost?

There are several studies that have been conducted to narrow down what the average cost of a funeral is today. The studies have stated that the average funeral will cost $6,000-$10,000 without “extras” like flowers, obituary notices, acknowledgment cards or limousines can add thousands of dollars to the bottom line. In many cases, funerals run well over $10,000. Depending on where you live in the country and what type of service your loved ones select can make the cost vary significantly. Nevada Life Services encourages you to visit the Federal Trade Commission’s website to view several different studies regarding the cost of a funeral.

How Much Does Social Security Pay For Final Expenses?

The idea that the government will provide the funds needed to take care of our final expenses is nothing more than a wish. The last adjustment made by the Social Security Administration regarding final expenses or a death benefit was made in 1952. The Social Security Administration increased the death benefit from $225 to $255. In 1952 this amount may have been adequate to pay for the costs associated with final expenses, but it is obviously grossly inadequate in today’s world. This one time lump sum benefit is only available if you are married or have dependent children. Nevada Life Services LLC encourages you to research these facts on your own by contacting the Social Security Administration at 1-800-772-1213 or visit their web site at www.ssa.gov.

How Else Can I Protect My Family, Assets & Legacy?

Nevada Life Services is not a law firm nor does it advise on legal matters, but most people are aware that there are several legal applications that can be executed to protect assets. Some of these items include Wills and or Trusts. If these services are of interest to you and if you think they may be of assistance to you in your planning, please contact the Christopher G. Gellner ESQ. Mr. Gellner is a long time resident of Las Vegas and a trusted friend of Nevada Life Services’ founder.

“Mr. Gellners expertise and honesty is apparent in how he conducts his business. I am proud to call him my trusted and reliable friend.” www.gellnerlawfirm.com.

Contact: 702-340-3939

“Providing income replacement, asset protection, and financial security.”