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The LoveLife Group, a New Jersey-based life insurance specialist, has updated its services with a webinar designed to help participants identify affordable solutions for their final expenses.
More information is available at https://www.thelovelifegroup.com/live
With the announcement, the company aims to provide seniors with a resource that can give them options on how to pay for their burial, so they can avoid resorting to debt or falling prey to fraud.
The LoveLife Group stated that proper knowledge about this issue is important as it can prevent surviving families from incurring massive financial burdens.
The webinar covers a number of topics, including the aspects of a funeral that one should spend on and those that should be scrutinized first. The company stressed that these items are critical as many families mistakenly believe that it’s a good idea to pay for funerals in advance.
Various organizations, such as the Better Business Bureau (BBB), warn consumers about the various forms of funeral fraud that take advantage of one’s emotional state and varying levels of state protection.
According to the BBB, these activities may include casket scams, where funeral directors insist that families get an expensive casket even without the need to, and misleading packages that offer lower-priced caskets, but raise the cost of other services.
Moreover, the webinar discusses how persons of varying income levels can afford funeral expenses, especially those on a tight budget. This segment aims to address the issue of increasing costs, which can now set one back upwards of $7,000.
According to the latest price study of the National Funeral Directors Association, the median cost of a funeral with viewing has risen by 6.4% to $7,640 in a span of five years, while a funeral with cremation has increased by 7.3% to $5,150 during the same period.
Comparison site Finder estimated that the average New Jersey burial costs $7,137, while a traditional funeral with a casket and hearse can amount to $11,371.
For over eight years, The LoveLife Group has been working to help New Jersey seniors and their families find affordable solutions for their final expenses. The company is also actively supporting efforts to address funeral fraud across the United States.
To sign up for the next session, interested viewers can go to https://www.thelovelifegroup.com/live
Release ID: 89005590