"Life insurance is time. The time a man might not have. If he needs time, he needs life insurance." - Ben Feldman
Some people buy a $20,000 or $30,000 policy just to take care of funeral expenses. They recognise that when it comes to the crunch, ready cash specifically for this purpose is most handy for those who survive them.
Sometimes this is referred to as a ''Clean Up'' Fund or 'Last Expenses'' Monies. Whatever the name is given, it is a thoughtful act to leave no small item unattended or unprovided for.
Is this too much to think about? Some people feel that the collection from those who came to pay their last respects may be sufficient. In actual reports on the amount collected, seldom does the amount exceed $10,000. On very few occasions have I heard that the amount totaled beyond $20,000.
Your final moments on earth would not be a good time for your survivors to discover that your thoughtfulness did not include this event. With so much grief and sadness around, it would be a good gesture to take care of the costs ahead.
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