Is guaranteed life insurance worth it?

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asked Feb 14, 2019 in Insurance by jimi90 (350 points)
Is guaranteed life insurance worth it?

1 Answer

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answered Feb 14, 2019 by Shawn (99,990 points)
Guaranteed Life Insurance is more expensive than burial insurance or regular life insurance and usually the payouts are way less than what you've paid out in the monthly insurance premiums.

Even regular life insurance is not worth the cost because it's actually much better to just pay off the funeral home directly before the funeral and have all your plans and arrangements in place.

The typical funeral costs from $5,000.00 to $10,000.00 depending on the funeral home and your plans for the funeral.

For me personally I've decided that I would just pay the funeral home directly instead of paying the money out to a life insurance company for something I hope they would pay out in the event of my death.

Paying the funeral home directly I know my funeral expenses have been paid for and my wishes will be carried out as I planned.

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