Life Insurance in Pittsburgh, PA
APRIL 2023
Life is full of uncertainties, and it’s essential to plan ahead to safeguard your family’s financial well-being. Life insurance in Pittsburgh, PA, provides a safety net that can offer financial protection in the face of unexpected events.
Whether you’re a young professional starting a family or a seasoned individual planning for retirement, life insurance is a crucial component of your financial strategy. It ensures that your loved ones are supported financially if the unthinkable were to happen.
By obtaining life insurance, you provide your family with a source of income to cover various expenses, including advocate mortgage payments, debts, education costs, and daily living expenses. It can offer a lifeline during challenging times, providing stability and security during the grieving process.
$25,000 OF PERMANENT MAKES SENSE
Why a $25,000 permanent life insurance policy makes sense to purchase;(1) early in your working career;(2) for your children or (3) for grandchildren
- Everyone will eventually pass away, making funeral and burial costs inevitable;
- Employer coverage, if offered and accepted, ends with the termination of employment;
- As people age, insurance increases in cost and may become unattainable if diagnosed with an illness or with a life event;
- The death of a child is tragic, and funeral costs may add an additional financial burden at an already difficult time.
The amount of Funeral and Burial expenses often comes as a surprise to many. Contact us today for more information.
The typical costs:
- Cemetery Plot……………………………………………….….$3,000 – $5,000
- Vault…………………………………………………………………$2500 – $3500
- Opening and closing the grave…………………..……..$200 – $300
- Monument………………………………………………….……..$2,500 – $5,000
- Casket………………………………………………………………..$7500 – $12,500
- Basic Funeral home services………………………..…….$3000 – $4000
- Embalming and preparation………………………………$1000 – $2000
- Obituary…………………………………………………..…………$300 – $500
- Floral arrangements……………………………..….………..$250 – $500
- Transfer services to cemetery………………….…………$500 – $1000
- Preserving body and facilities usage……………….….$500 – $1000
- Memorial prints and death certificates………….……$200 – $400
- Range………………………………………………………..………..$21,450 – $35,700
Parents and grandparents should consider the purchase of a permanent life insurance policy for minor children, not only in the event of a tragic occurrence but as a gift that will be very appreciated by the children long after the parents and grandparents pass away.