Many Americans believe that Social Security will pay for their final expense needs, however, the government only pays a lump sum of $255 for those who qualify.
(Source: U.S. Social Security Administration, July 2013).
- The Veterans Administration final expense benefit, if you qualify, is only $734.
(Source: Veterans Administration, February 2014)
- On Average, a funeral can cost $10,000 or more.
(National Caregivers Library)
- The majority of U. S. health care costs rise in the final phase of life, when living with eventually fatal chronic illnesses which have the most intense costs associated with the treatments.
(Rand: Living Well at the End of Life)