A graded death benefit is a type of insurance policy with specific limitations on it. These limitations have to do with the timing of the policyholder’s death in relation to how much of the benefit their loved ones receive. Understanding the graded death benefit can change what type of policy you choose to purchase. Read …
Whether you call it final expense insurance, funeral insurance, or senior life insurance, all these plans or policies ensure that you’ve tied up your financial cost before leaving this world. Beyond a selling aspect, burial insurance comprises a complete life insurance form. However, when it comes to choosing the right burial insurance plan, preneed insurance …
Many Americans are not aware of true, long-term healthcare costs. Funerals can cost upwards of $7,000, depending on the services provided, but you can prepare for end-of-life costs. Some end-of-life costs to consider include: Nursing home care Memory care Assisted living care In-home care Doctor visits, hospital stays, and operation costs Final expense, also known …
Burial insurance is a type of life insurance. Regularly called final expense insurance, it is a smaller policy meant to cover the costs associated with end-of-life. These costs include the cost of the funeral, medical bills, mortgages, etc. Final expense insurance is a good deal for people who cannot afford or qualify for traditional life …
Life insurance policies are meant to be flexible to allow your family to pay for whatever expenses are left at the end of your life. However, one expense that people are often confused about is funeral expenses. It may seem like a simple question – Does my life insurance policy pay for my funeral? In …
The best way to buy final expense insurance, otherwise referred to as burial insurance is through an insurance agent. An agent can walk you through all of the things you need to consider when purchasing a plan. They are also familiar with the reputations of each company and can help you choose the company that …
Planning for the end-of-life can be daunting at any age. There are a variety of factors you have to anticipate to better plan for your future. Below are some things you should consider when planning for end-of-life financial decisions. Current Finances The first decision branching point is understanding your current finances. You need to know …
Top 10 Things to Consider for end-of-life Planning Read More »
Funeral expenses can come as a hefty and unwelcome surprise to your or your loved ones. While some costs are fixed, others are optional. One way to save money is to choose cremation over burial. You will still have to pay the costs associated with the funeral home and viewings, but you can avoid the …
After the death of a loved one, the cost of a funeral is an often unexpected and unwelcome surprise. Charges include the casket, urn, burial plot, obituaries, and even more. While there are many online calculators, many do not consider the small expenses that can add up quickly. Certain life insurance policies and final expense …
Several insurance companies offer final expense insurance options. It can be confusing to determine which companies are reliable and offer the best policies. Luckily, there are rating companies that do some of the work for consumers. A.M. Best is one company that rates insurance companies based on their creditworthiness, ability to pay claims, debts, and …
What are the Top Final Expense Insurance Companies? Read More »
