Due to low premiums, modest death benefits, and primary focus on covering burial expenses, final expense life insurance is especially popular among the elderly. Term life insurance, the most common form of traditional life insurance, is bought largely to compensate for lost income after the death of a loved one.

These policies are particularly crucial in the beginning of our lives as a family while we are earning, paying rent or mortgage, completing automobile or student loan payments, and raising children.

Typical insurance plans are obsolete once we’ve reached retirement age, finished paying the mortgage, and sent the last of the children off to college. What we need, instead, is a plan for covering our funeral costs and other final obligations.

Those of us who have lost a loved one know how difficult it is to deal with our emotions while also meeting our financial and practical responsibilities following a death in the family. We can’t bear to think that our partner or kids will have to go through what we have.

Losing someone is already hard to process, and when families also have to deal with final expense costs, it just adds to their difficulties. For this reason, Franklin Life & Annuity is committed to providing comprehensive final expense insurance at affordable rates in South Carolina. We understand how stressful such times are, and we want to ensure no one has to go through this.