Burial Insurance for Baby Boomers (Source: Total Insurance Solutions)

We’re happy to announce that starting immediately, Total Insurance Solutions will be providing final expense insurance plans to baby boomers throughout Florida. 

One of the best ways to protect your loved ones and give yourself peace of mind, final expense insurance is an affordable form of life insurance that can help cover the expenses incurred after death. These plans are designed to cover funeral costs and medical expenses when the person covered by the policy passes away. Traditional life insurance plans are used during a person’s earlier years, with burial insurance serving as a way to pay for expenses after death. 

Baby Boomer Final Expense

Florida continues to have an impressively high number of baby boomers living within its borders. About 19.1% of the state’s population is over 65, and more than 32% of its population will be over 60 by 2030.  Those born between 1946 and 1960 need burial insurance to give themselves peace of mind and know that their last wishes are paid for, and Total Insurance Solutions offers burial insurance options that give them exactly that. Boomers can choose between the guaranteed issue or simplified issue policies, each of which can provide the protection needed.

Between 1946 and 1960, more than 75.8 million Americans were born and today another boomer turns 50 every 7 seconds. They make up 28% of the total American population, and are already hard at work planning their retirement in most cases. 

Baby boomers love Florida, too. The top Florida retirement cities are currently: 

• Orlando

• St. Petersburg

• Venice

• Tampa

• Fort Lauderdale

• Hialeah

And since boomers often carry about $30,000 of debt with them into retirement, it’s important to find a solution that offers resources for that debt as well as to handle end of life expenses. That’s the key focus of Total Insurance Solutions, which has already helped countless boomers get the kind of coverage that they need. 

A Heavy Financial Burden

Death can be expensive – the average funeral cost today is between $7,000 and $12,000 with some funerals exceeding that depending on different aspects of the funeral service. Burial expenses are one of the main reasons that Americans purchase a life insurance policy, and it can cover many funeral costs including things like:

• Embalming 

• Hearse costs

• Casket

• Memorial package

• Flowers

• Funeral home use

• Viewing 

• Transfer and removal of body

• Service fees

Costs continue to rise, as well, with an increase in funeral costs of 20% since 2006. Making matters worse, many families don’t actually realize just how much a funeral costs until they’re left facing the heavy financial burden after a loved one passes away. 

About Total Insurance Solutions

At Total Insurance Solutions, the focus is on providing effective and affordable final expense insurance solutions to residents in Florida. The cost and process of funeral arrangements shouldn’t be more stressful than the loss of a loved one, and the right final expense insurance can ensure that it isn’t.

To learn more about burial insurance, visit our website. 

About Total Insurance Solutions

Regardless of the type of funeral, one thing is certain, when a family member dies, the survivors suddenly find themselves confronted with major expenses. Let us help you get the coverage you need.