Death benefits are common across a variety of financial products but are major factors in life and burial insurance. When reviewing life insurance policies, it’s important to take into account the death benefit that’s available, and how much the policy costs because these two factors generally correlate. Keep reading to learn more! Death Benefit Defined …
Prepaying for burial plans helps people prepare themselves and their loved ones for when their time comes, but are they worth it? Various factors may play a role in determining if prepaid burial plans are worth it because everyone’s situation is different. Such variables include the preparations that are necessary or wanted, and what these …
Burial insurance can help individuals ensure that the financial burden of their death is minimized and final expenses are covered. Usually, these policies are smaller and less extensive than typical life insurance policies. However, like other life insurance policies, participants are required to pay premiums to maintain the policy. Before determining what life insurance policy …
How Will My Premium Be Determined for Burial Insurance? Read More »
Final expense policies can be obtained through a life insurance company or independent agency (like us) in your area. It actually goes by different names, including funeral or burial insurance. Keep reading to learn more about final expense policies and what they offer. The Purpose The purpose of final expense is to ensure that your …
Do Final Expense Policies Come With Added Features? Read More »
There are different types of life insurance, including term, and whole life. Burial or funeral insurance is a kind of whole life insurance. The various kinds of life insurance can raise a lot of questions, such as: What type is right for me? And, can you have burial insurance and a standard life policy at …
Can Burial Insurance Work With Other Life Insurance? Read More »
Burial insurance is a small life insurance policy that can help cover funeral and burial expenses after a person passes. Specifically, it provides peace of mind and lessens the financial burden on surviving loved ones. Before purchasing burial insurance, you should know exactly what it is, if it can be canceled, the possible implications of …
Burial insurance policies offer a way for participants to gain peace of mind that their loved ones will receive a benefit to assist in paying for their final expenses after they die. Participants are required to pay predetermined premiums for the remaining years of their life in order for the benefit to be available after …
Plenty of people use life insurance as a way to cover funeral and burial costs. Burial insurance is a kind of life insurance specifically intended for seniors’ final expenses. Sometimes it’s called final expense or funeral insurance. Senior Life Services can help you determine if burial insurance is the best option for you. But first, …
Can the Insurance Company Cancel My Burial Insurance Policy? Read More »
Burial insurance is a type of whole life insurance that provides people the opportunity to pay towards it to unlock its benefits. Some may wonder, however, if it’s impossible to borrow against the policy in order to receive funds to pay for immediate expenses. In understanding this, it’s important to know if this is possible …
Can You Borrow Against Burial Insurance Policies? Read More »
Burial insurance is a type of whole life insurance that can help cover funeral expenses after the policyholder dies. It’s a widely available option in Florida and throughout the U.S. However, it can be more expensive than other options because there’s no chance that the policyholder can outlive it. This type of insurance generally involves …
Do Burial Insurance Policies Have Living Benefits? Read More »
