MARKET POTENTIAL
Why Final Expense Products Are In Demand
It's hard enough to lose a loved one: A parent, brother or sister. It is even more difficult when loved ones are left to pay expenses associated with a funeral because of the lack of planning. Social Security pays only $255 for the expenses associated with a funeral. The total cost for an average funeral and internment is between $7,500 and $15,000.These expenses do not even include plots, markers or flowers, opening and closing the grave-site, transportation, copies of death certificates, outstanding medical bills and other debts. Any unpaid funeral costs and balances are usually paid by the surviving spouse or children. Even worse, if a major illness were to present itself or a nursing home were to become involved, a family's savings could be wiped out in minutes. This could leave a surviving spouse or children with a huge financial burden. With proper Final Expense planning, we can protect families for pennies on the dollar.
Scope of the Market
The fact is that 90% of senior citizens feel that advances planning for this inevitable time is a good idea, however, only 12% have done so. This is the market that RJB Financial Services is poised and positioned to tap into and dominate. In fact, we are doing so already!
The number of Americans age 55 and older will almost double by 2030 from 60 million today to 107.6 million. This segment of our population will represent a staggering 31% of the population in the United States!
These statistics are proof positive for the need for Final Expense Planners now and in the future is tremendous, and RJB Financial Services will spearhead the incredible opportunity.
Why Final Expense Products Are In Demand
It's hard enough to lose a loved one: A parent, brother or sister. It is even more difficult when loved ones are left to pay expenses associated with a funeral because of the lack of planning. Social Security pays only $255 for the expenses associated with a funeral. The total cost for an average funeral and internment is between $7,500 and $15,000.These expenses do not even include plots, markers or flowers, opening and closing the grave-site, transportation, copies of death certificates, outstanding medical bills and other debts. Any unpaid funeral costs and balances are usually paid by the surviving spouse or children. Even worse, if a major illness were to present itself or a nursing home were to become involved, a family's savings could be wiped out in minutes. This could leave a surviving spouse or children with a huge financial burden. With proper Final Expense planning, we can protect families for pennies on the dollar.
Scope of the Market
The fact is that 90% of senior citizens feel that advances planning for this inevitable time is a good idea, however, only 12% have done so. This is the market that RJB Financial Services is poised and positioned to tap into and dominate. In fact, we are doing so already!
The number of Americans age 55 and older will almost double by 2030 from 60 million today to 107.6 million. This segment of our population will represent a staggering 31% of the population in the United States!
These statistics are proof positive for the need for Final Expense Planners now and in the future is tremendous, and RJB Financial Services will spearhead the incredible opportunity.