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12/14/2019

SOME CONSIDERATIONS FOR HAVING A FINAL EXPENSE POLICY IN PLACE

Lump-sum survivor needs often include the need for immediate cash to pay last expenses, liquidate consumer debt, provide a fund for emergencies, redeem a mortgage, provide dependent care and pay for education many times for the surviving spouse.

Seventy percent of a prospect’s lifetime medical expenses are often incurred in battling a final illness.

A single month’s survivor income should be provided as a cash need in order to meet expenses while ongoing income arrangements are being made.

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