08152024 - Funding the Funeral
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Funding the Funeral: Understanding Insurance Products Designed for End-of-Life Expenses
Presented by Damon Wenig, MBA, CFSP, The Krause Agency
A funeral and burial costs $8,300 on average, but end-of-life expenses can easily cost your client and their family so much more. While we advise clients to set aside funds for retirement, healthcare, or leaving a legacy, the cost of a funeral is often overlooked as something that should be planned for. Plus, the emotional toll death takes on the family makes figuring out how to finance the funeral at the time of need all the more difficult.
In this webinar, The Krause Agency’s National FET and Preneed Director, Damon Wenig, MBA, CFSP, explored the common ways your clients can proactively set aside funds for their funerals, including final expense insurance, funeral expense trusts, and preneed insurance.