In Florida, the average funeral costs about $6,500, and that price is rising. If you or your loved one passes away with no plans to pay for final expenses, family members may be left figuring out how to cover rising funeral costs.
Funeral insurance, also known as burial insurance or final expense life insurance, can help your family pay for any and all death care costs. Furthermore, planning for your burial expenses ahead of time will allow you to define how you would like to be remembered. In the event you leave behind debts like credit card balances, your loved ones can use the funds to pay those off as well.
Buying final expense insurance is similar no matter where you live, but Florida has a few unique rules. This guide will outline the steps you should take to secure burial insurance, including how Funeral Advantage can assist your loved ones after you’re gone.
Help with Funeral Costs in Florida
The loss of a loved one is hard enough without having to worry about paying for final expenses. With the right mix of planning and insurance, you can ensure your family will be ready to handle the cost and find the help they need to plan your memorial service.
Life Insurance
Planning for your death is a necessary part of life. Everyone should have a last will and testament and a written statement of end-of-life wishes. When possible, you should also arrange a way to pay for the expenses that come after death through life insurance or final expense insurance.
- Term Life Insurance – Depending on factors like age, sex, and general health, term policies may cost less than other types of life insurance. However, term policies expire after a set time period. To extend coverage, you have to buy a new policy. As you age and your health changes, it may be more difficult to qualify. Policies will also cost more.
- Whole Life Insurance – A whole life policy stays active from the time you sign up until you pass away. You will usually pay a higher premium for this kind of policy, so purchasing early in life, while you are in good health, will get you the best rates. Rates typically do not rise, even if you become ill.
- Final Expense Insurance – Florida families who are concerned about covering final expenses should consider burial insurance. Like whole life insurance, funeral insurance remains in place until you die. Payments are based on factors like age, sex, and overall health. There is no medical exam, and most people qualify.
Meet Your Broker: Zachary Flynn
Founder & Co-Owner
Zachary began dutifully serving clients as an insurance broker more than four years ago before deciding to found You Matter Insurance & Financial Group, a full service Life, Medicare, & Annuities Insurance Brokerage in July of 2019 with the goal of helping make quality, affordable, individually tailored insurance products easy to understand and accessible to everyone. Zachary is a Retired Veteran, having honorably served in the United States Marine Corps from 2007-2010, including one deployment to Iraq. Zachary attended the University of Wyoming for Accounting thereafter, served as a Legislative Intern for three years, and has been an active member of the communities of Wyoming, Florida & Maine with over 1,000 hours of community & governmental service. Zachary lives in and runs our East Coast Division servicing clients in Florida and Maine with his partner Shelby.