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$8,500 Average cost of a funeral
- Funeral transportation and arrangements
- Funeral Service
- Burial /cremation costs
Planning ahead to cover final expenses is both thoughtful and generous. A life insurance policy payout is tax-free and can also help cover:
- Debts or expenses that will need to be paid off
- Taxes owing
- Childcare
- Mortgage or rent
A loss of a family member is difficult enough; dealing with financial challenges on top of that can be overwhelming.