Pre-Need Insurance

What Are the Advantages of Pre-Need Insurance?

• You don’t need to be near the end of your life for a Preneed policy to be an option. Anyone who is eager to relieve...

• Preneed plans also allow some individuals to lock in today’s prices for most goods and services. This can be a major...

• Some policies will allow for amendments but it is important to discuss the options and...

Is Pre-Need Insurance the right planto cover your funeral expenses?

Perhaps , thinking about funeral expenses  is not on your priority list.  However, more Americans are starting to take care of these arrangements ahead of time. After all,  it is easier to pay now in payments than to leave the family with a huge bill to be paid immediately after death. Therefore, planning and paying ahead maybe a smart way to alleviate financial stress for your loved ones. End-of-life planning offers many options today. Perhaps, you agree that Preened insurance is the ideal way to ensure that your final wishes are carried out as you intended. Or maybe you need more information to determine what is best for yo and your family. Read article and learn more about pre-need insurance.

What is teh difference between pre-need and final expense insurance?

While both options help cover the costs of funeral arrangements, final expense policies only set away funds for arrangements and do not make any decisions on planning. Pre-need insurance policies, on the other hand, cover the specific items that the insured purchases and nothing further. The policy can be paid out in a lump sum or you can stretch it out over time but the cost – or amount allotted to the funeral arrangements – is determined upfront. Some Preneed policies even offer a price guarantee for your selections, which ensures that you pay the current cost of each good or service at the time of purchase. This is a great way to avoid increases in cost due to inflation that could leave your loved ones feeling duped.

Recently, more final expense companies are offering funeral planning and funeral assistance services when you purchase a policy from them. While they cannot guarantee prices for merchandise in the future, these organizations can help you shop, compare, and locate funeral homes and cemeteries. This could mean substantial discounts on the final funeral costs, and it will help with stretching the final expense insurance dollars in the future. Also, because the insurance policy is independent from any funeral home, the beneficiary has full control of the cash benefit, and she or he can decide to use part of all of the funds. This allows the family to use the excess funds for other final expense obligations.