Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: How much insurance does a single woman need for final expenses?

  1. #1
    New User Level 0
    Join Date
    Nov 2010
    Posts
    4

    Default How much insurance does a single woman need for final expenses?

    I want to know how much insurance does a single woman need for final expenses?



  2. #2
    Member Level 0
    Join Date
    Nov 2010
    Posts
    13

    Default

    Quote Originally Posted by crazywill View Post
    I want to know how much insurance does a single woman need for final expenses?
    Well it depends, you should include more in your questions so that we can give better answers!

    First of all... you should have enough life insurance to cover the cost of a funeral, and to pay off any debts that you have, including your mortgage. Anything else is up to you.

    How many kids do you have?
    insurance is my life

  3. #3
    Member Level 0
    Join Date
    Dec 2010
    Posts
    53

    Default

    As hollym stated there are many factors when deciding face amount of insurance.

  4. #4
    New User Level 0
    Join Date
    Apr 2011
    Posts
    9

    Default

    It depends on your age today. You have to double the figure for every 15 years you are expected to live. So if you are 60 now and decide you need $15,000 if you died today you need $30,000 if you die at age 75 and $60,000 if you expect to live to age 90.

  5. #5

    Default

    Well,, Its mostly depends on your cost of a funeral and your mortgage.. It all to know your living experience and your expense details..

    For more to visits:

  6. #6
    New User Level 0
    Join Date
    Jun 2011
    Posts
    4

    Default

    Your need for life insurance may be even greater than for married women. That is because being single is not always the same as being without responsibilities. You may have loans. Plus, should anything happen to you, there will be final expenses, which can run into $10,000.

  7. #7

    Default

    It really depends on your age because those who are still in their twenties and early thirties are given rates that are very attractive still they are still a bit young and in good health. It's highly recommended to get this type of insurance as early as possible, so if ever something happens everything will be covered from the funeral expenses range between $10,000 to $15, 000 and even your debts.

  8. #8

    Default

    Well, there are still other factors to consider in order to know your insurance costs. It's a good idea to browse through websites, find a company that is reliable, study the insurance it offers or better yet make an inquiry.

  9. #9

    Default

    I believe a recent survey from the National Funeral Director's Association indicates an average cost of funeral and burial expenses to be around $6,700 or more. But, that's in today's dollars, not 5, 10 or 20 years down the road when you may pass away. So, you may want to consider buying more life insurance than you expected, to provide for all final expenses. This does depend on what exactly you want for your funeral, memorial, tombstone, etc. Also, your savings can help to provide additional funds toward your final expenses. Some final expense insurance plans offer up to $15,000 or more of coverage.
    Last edited by Termlifeinsurance; 04-16-2013 at 11:30 AM.
    Visit Term Life Online to learn about life insurance and how to buy no exam life insurance online.

  10. #10
    Member Level 0 PathwayInsurance's Avatar
    Join Date
    Oct 2012
    Location
    Cincinnati
    Posts
    31

    Default

    Maybe there isn't a need for life coverage.

Page 1 of 2 12 LastLast

Similar Threads

  1. Final expense insurance question
    By Beatrice11 in forum Senior Insurance Forum
  2. What is the best final expense company to sell for?
    By crazywill in forum Final Expense Insurance Forum
  3. Single Premium Prospecting
    By Mark Rosenthal in forum Insurance Agent & Broker Forum

Tags for this Thread

Share This Thread!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •