Purchasing a funeral plan is one of the best ways to cover your end-of-life expenses and take the financial burden off of your family. If you’re considering purchasing a funeral plan, you’re probably wondering what options you have. Let’s go over some common decisions and talk about which option could be best for you. Purchasing …
Purchasing burial insurance means that your family won’t have to pay for your funeral and burial costs out of their own pocket. Depending on the type of policy you buy and the amount of the death benefit, it may cover costs that extend beyond your funeral. This will all depend on the type of policy …
Is Burial Insurance Long Or Short-Term Coverage? Read More »
In most states, you can buy burial insurance from a funeral home. You may also, however, purchase it from an insurance company. And, if you’re purchasing a burial plan from a funeral home, make sure you aren’t buying a pre-need or prepaid insurance plan—we will explain the difference between the two to ensure you are …
Preneed insurance, sometimes referred to as funeral insurance, covers all of your funeral expenses, from the casket to the flowers. It’s purchased directly through a funeral home and allows you to make all of the arrangements ahead of time, relieving the burden from the policyholders’ loved ones once they have passed away. But there’s a …
Final expense insurance is an excellent option for individuals seeking easy-to-qualify-for life insurance with a bigger payout than burial or preneed. Don’t let these unknown terms confuse you—there is a lot you need to know before you can fully understand all of your insurance options. You should familiarize yourself with the ins-and-outs of final expense …
Almost anyone can qualify for a final expense plan—they are among the easiest to qualify for than other insurance options, regardless of age or health status. However, just because it’s easy to qualify for doesn’t mean that you should jump into the first plan that accepts your application. You must first understand who qualifies for …
Yes, you can have two funeral policies—either a burial or pre-need plan with a full life insurance policy or a burial policy with a pre-need plan. This breaks down to 6 different combinations. Combining funeral policies provides an excellent opportunity to cover both funeral costs and other expenses, from medical bills to mortgages. By having …
You can choose a pre-need, burial, final expense, or other full life insurance plan to cover funeral expenses. Of these options, only the pre-need and burial plans are considered strictly “funeral insurance”—the rest also function as a typical life insurance policy. Each option has its pros and cons, and, depending on your personal needs and …
Life insurance policies cover many final expenses, including mortgages, monthly bills, funeral costs, medical expenses, and much more. When applying for a life insurance policy, you must keep in mind what final expenses you need to be covered to determine your policy’s size. Not all of these expenses are applicable or even necessary to your …
Funerals are expensive and not something you or your loved ones should have to worry about in their time of need. What can you do to prepare for these costs? One of the easiest ways to arrange and pre-pay funeral costs is through a burial insurance plan. When you set up a burial plan, however, …
