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 …
If you’re purchasing life or final expense insurance to provide for your family, you may be wondering if you can name one of your children as a beneficiary. If your child is a minor, the situation can become complicated. There are a few important things you should know when picking and appointment a beneficiary. In …
When selecting burial insurance, one of the most important questions is about beneficiaries. Who you’ll choose, what responsibilities they’ll have and your expectations of them are all things that should be thought about thoroughly. Let’s go over a few other things that should be kept in mind when selecting a beneficiary. Family or Non-family Beneficiaries …
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 …
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