Archive for the ‘funeral expenses’ Category

Why Do You Need Burial Insurance?

Wednesday, June 2nd, 2010

Many of us consider it a very important thing to make sure that our families are covered in the event that something should happen to us. This can come in a variety of different ways, and insurance is often something that needs to be considered. Something that should not be overlooked, however, is burial insurance which is, many times, referred to as funeral expense insurance. When this insurance is set up properly, it will cover any funeral expenses that are necessary, along with the cost of burying or cremating you.

One of the main reasons why you would consider burial insurance in the first place is in order to relieve your family of any financial responsibility that would take place in the event of your death. It is important for you to consider this carefully and to make sure that you are covered to the extent that your family would not have to deal with anything during this difficult time. Since there are a number of different levels of burial insurance that are available, it is important for you to make sure that you talk to your insurance agent about the different options that are open to you.

Something that often is a sticking point for many individuals whenever they are considering funeral expense insurance is that they may have some coverage that is available through their work. Although this may be the case, it is also important to make sure that you are covered on your own. After all, what would happen if the company that you’re working for went out of business or perhaps no longer needed your services? We live in a day and age that these problems are occurring on an increasing level. It would be a better idea for you to get burial insurance now in order to make sure that you are covered in the event of the unthinkable happening.

One final reason why you would want to consider burial insurance goes beyond thinking about the financial obligation that would be necessary if it was not available. Funeral expense insurance also releases much of the stress off of your family that would take place if they needed to arrange many of these things during this difficult time. If you think about it in that way, getting adequate burial insurance is really more of an obligation and a way to show your family that you truly care about them.

Why should you carry funeral expense insurance?

Monday, April 26th, 2010

During the time of the cost inflation, the services and goods have become more expensive than ever and this trend is likely to continue for quite a few years. The expenses of funerals are no different and are bound to experience a sharp increase in recent years. Therefore, if you want to protect your family members from the high costs, you should consider some kind of insurance like the funeral expense insurance plans. This insurance covers the costs of the funeral therefore relieving all your loved ones of the heavy burden of the costs. This funeral expense insurance is a kind of a life insurance plan specifically designed to relieve this burden from the bereaved. The tenure for these plans is as long as you live as it is actually impossible to determine the exact time period till which you will remain hale and hearty.

The funeral costs can vary significantly depending on a number of factors. The state regulations or local ordinances can actually make funerals all the more expensive. The shortage of land for cemetery plots definitely increases the cost of the plot. You cannot realize how expensive the grave markers and caskets can be! You would only need a swift visit to any nearby funeral home so that you get a complete idea of what the total cost of a decent funeral is. You can also ask for the list of prices for different services offered by the funeral home. These costs can come handy when you are trying to decide the funeral expense insurance plans.

These insurance policies do not have an expiry date. On the lines of many different life insurance policies, the funeral expense insurance allows the cash value to be borrowed as and when necessary. The beneficiary can use this cash on any expenses. The premiums on these burial insurances tend to not increase and the benefits also do not decrease. These insurance policies hardly ever require any medical examinations and therefore it is not at all complicated to apply for them. However, this does not mean that you should not research properly about the different policies and companies before selecting any insurance plan.

Try and get yourself well acquainted with the federal and state laws concerning the burials and insurance before employing the funeral expense insurance plans. Check if some of the laws of your state are advantageous to you. You should also examine the contracts before deciding if the particular policy is appropriate for your family along with yourself. Ensure that you receive statements at least annually, providing you with the details of the policy you have employed. You should also check the cancellation terms properly before signing any kind of contract with the insurance company, funeral home or the cemetery. All these measures are just to ensure that you and your family are very comfortable with the funeral arrangements and also the policies of the company.

Funeral expense insurance – What is it?

Friday, April 23rd, 2010

Most of us certainly do not enjoy deciding the coffin we are supposed to be buried in, along with the ideal burial place and type of funeral which we would like for ourselves. But, death is an unavoidable reality and it is wise to pre-plan for the same, so that it is a lot easier for your loved ones after you pass. Do you know that according to the FTC (federal trade commission), a normal funeral along with the casket and also the vault costs can go up to $6000? This does not include the cost of the obituary placements, limousine services and the flowers which are an additional $10,000. You should also consider that in case of a sudden death the arrangements are unplanned and they are supposed to be addressed in almost 24 hours after someone’s death. Now do you understand the importance of getting a funeral expense insurance so that your loved ones are totally relieved of the extra work especially when they are drowned in grief.

Almost all of the funeral homes make it easier to pre-plan the funeral process, by making it possible for people to decide even the smallest of the details. You are provided a price list of the services and supplies which you will need for the funeral so that you get a complete idea of the cost of the process. Some of the funeral homes also offer price guarantees that mean you pay for the future funeral according to the present prices. However, the grave services and flower expenses are charged according to the current prices. There are actually three different and easy ways in which you can pay for the pre-arranged funerals apart from cash. They are pre-need insurance, pre-need trusts and final expense insurance.

The funeral expense insurance is also known funeral insurance which is actually a low level life insurance which can be purchased from any insurance company.

Like the life insurance policy, a beneficiary is named by the insured, but the money is used only for the funeral expenses. The funeral expense policy is either term life insurance or it can be permanent life insurance. The difference between these policies is the term insurance offers coverage only for a specific time and the permanent insurance offers coverage for whole life. These policies are further classified into guaranteed issue and simplified issue and any of these policies do not require any medical examination. However, applicants are enquired of any health related issues and people suffering from any serious health problems receive policy which includes a graded death benefit. This means that, the cost and the number of the premiums slowly increase and also the full expense of the policy is liable only after a definite period of time.

You should definitely go for funeral expense insurance so that you can decide the way you want to take leave of the world. This is bound to give you an immense sense of satisfaction and also relieve your loved ones of any extra stress.

Funeral expense insurance- Make provision for funeral expense insurance while the going is good

Saturday, April 17th, 2010

Some people are raided with fear when they even begin to think about their funeral or that of a loved one. A funeral is never a hot topic of discussion; it is a far-fetched thought in the minds of people. Some people have a very laid-back attitude when it comes to the reality of a funeral, no one will live on and some day death will come knocking. On the other hand you come across people who are so obsessed with burial and funeral procedures that it is the foremost thought on their minds. It is good if this thought can be acted upon, making provision for funeral expenses while the going is good is the way to go. No one knows when death will strike, many people get struck by it and they’re not even prepared. This is a sorry state of affairs; the loved ones that are left behind are put through a lot of inconvenience, if you are rational thinker go ahead and think well along the lines of funeral expense. Death is certain and no one will escape it, it is imperative to make provision for funeral expense while it is still light.

Gone are the days when funeral expense was insignificant, with the hike in prices funeral expense might turn out to be a bomb as well. There are a few funeral expense insurance policies that one can invest in; these are designed in such a way so as to suit the pocket of an individual. A certain amount is agreed upon and the nature of services as well, at the appointed time their services will be rendered according to what the amount agreed upon was. Doesn’t just the thought of this give you peace of mind? I have come across many people who prepare well in advance for their funeral; they keep aside money for funeral procedures and the coffin as well. It is not a bad idea to plan out your funeral or that of a loved one and work towards it. In reality it is the final bill that one will pay on the earth, some of these funeral expense insurance policies also help you choose which accessories you would like to be used at the funeral, the rates on these are not changed as well.

You may have heard it being said “I came with nothing and I will go with nothing” this statement is true but there are many expenses involved when it comes to a funeral ceremony. Some folks need to get rid of a pauper mentality, take some of that hard earned money of yours and invest it in a good funeral expense insurance policy. Life is not as long as it seems, many times more people find it difficult to shell out for a funeral expense insurance policy nevertheless it would be wise to them to keep some money aside so that when the time comes they do not run helter-skelter.

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