GoFUNDME SHOULD NOT BE AN ALTERNATIVE TO LIFE INSURANCE

The times we live in are very trying times with the coronavirus sweeping throughout the world invading immune systems and claiming lives in pandemic fashion. This pandemic has literally taken the world by surprise and as a result many people weren’t ready, especially when death came knocking on the door of so many who weren’t expected to die. Without life insurance, people have taken to alternative methods of fundraising to take care of those unexpected tragedies. However, now is the time to get your financial planning for the unexpected in order. Insurance is affordable enough that everyone should be able to purchase a policy and not have to resort to standing on a corner raising a handwritten sign to raise funds to lay their loved ones to rest. With the age of social media at hand, many are starting GOFUNDME pages to ask for help with final expenses.

GoFundMe has quickly become the fundraising app of choice for those needing to raise funds for burial when there is no insurance. GoFundMe is a crowdfunding application usually shared through social media to ask for donations for a project or, in this case, to raise funds for funerals

With Crowdfunding, it is necessary to write a compelling, and oftentimes, sensationalized story to draw people in. It’s always best to have someone other than the beneficiary set up the fundraiser to give a sense that the hardship is real and so that it doesn’t appear as a fraud. It’s also important to state what the funds will be used for – how much money is needed, etc.

Not all Crowdfunding campaigns are successful due to the fact so many of them are fraudulent or scams. Therefore, this type of fundraising for end of life expenses is not reliable. The chances of you meeting your fundraising goals is slim. And if you can’t meet your goal how can bury your loved one?

What about Life Insurance?

Life insurance takes the burden off the family of trying to figure out how to bury their loved one. A term life policy is the best option for burial because it provides a death benefit for end of life expenses, and its premiums can be rather inexpensive. There is no need to go through the uncertainty or embarrassment of crowdfunding when you can plan ahead on your own with peace of mind knowing those needs will be met.

Death can be an unexpected, but it doesn’t have to be a financial disaster. Get the peace of mind you desire with life insurance.

No one realizes how expensive death is until you’re the one making the final arrangements for a loved one.

Glenda Warren – The Legacy Group

When death comes suddenly it can be devastating, but when you have to consider how you will pay the cost to bury your loved one, you realize death is also expensive. The median cost of a funeral according to the National Funeral Directors Association (NFDA) is $7,640 and that doesn’t include the cost for the service, transportation, flowers or cemetery expenses. Life insurance helps us plan ahead for the unexpected. Take the burden of final expenses off the family and put it on the insurance company. When you can’t rely on others, you can depend on your insurance policy.

______________________________________

Glenda Warren is the Owner/Agent of The Legacy Group, Inc, a life and health insurance powerhouse in Memphis, TN. Visit her website at www.thelegacygrpinc.com