Funeral Insurance

At the end of your life, you may need funeral burial insurance. Death is a difficult moment. Families forced to make last decisions about the burial of a loved one often find that mortuary services contain hidden costs. Mortuary services purchased upfront may not include burial fees. Funeral burial insurance is assurance that your family will have the full amount to cover burial services.

Funeral burial insurance protects your loved ones from unforeseen expenses. When you purchase funeral burial insurance coverage, mortuary and other costs related to coroner fees and disposal are met with an indemnity policy. Ensure that your family is not beholden to costly funeral burial expense. Buy a funeral burial insurance policy upfront.

Why Buy Burial Coverage?

Responsible funeral planning includes having the money needed to cover your own burial expenses. Families are often left obliged to burial fees at the end of a family member’s life. With funeral burial insurance coverage, you can make a significant step in planning for your own burial.

Family members not covered by funeral burial insurance are a financial liability. Protect of your family’s financial stability by paying for your own burial.
Supplemental life insurance coverage in a burial policy pays for unexpected expenses of a deceased loved one at the end of their life.

If you do not have funeral burial insurance coverage, the time is now. Funeral burial insurance adds value to any portfolio of investment. The indemnity value of a funeral burial insurance agreement is an important measure that will ensure that inheritance or other estate assets are left untouched.

Avoid out-of-pocket burial expenses. Your family deserves to safety and security of burial insurance coverage. By purchasing a comprehensive burial policy, additional unwanted expenses for burial services will be eliminated from financial obligation.

Eliminate the risk that your loved ones will be inconvenienced with application for lending to cover burial costs. Reduce the duress caused by additional mortuary service costs with a funeral burial insurance policy.

Terms and Conditions of Funeral Insurance

The terms and conditions to funeral burial insurance policies outline the category of coverage and any limits to disbursement of benefits upon death. Make sure that the contract you have purchased is scaled according to estimated funeral burial expense. Preplanning of mortuary services is generally advised for adequate assessment of burial costs.

Eligibility requirements to funeral burial insurance contracts covering insured “less than 85 years of age” are standard agreements. Some insurance companies require health examinations prior to coverage. Age, lifestyle and health criteria inform scale of premium payment.

Waiver of health examination resulting in elimination of any related benefits (i.e. hospital fees) from a combined life insurance and funeral burial policy should be stated in writing. Time restrictions and limitations to death benefits part of a burial insurance agreement may also be indicated depending on the insurer.

Most applicants in good health qualify for full life insurance and burial insurance coverage immediately. Qualified insured can work directly with a mortuary director or funeral services firm to negotiate estimated cost of burial expenses. Those estimates should also be articulated in the funeral burial insurance agreement if such costs are known. If funeral costs are guaranteed by the mortuary, those estimates may be part of the policy at time of agreement.

Obtaining a Funeral Burial Insurance Quote

One of the first questions that funeral burial insurance customers usually ask is “how do I know that I have found the right policy?”

When obtaining quotes from insurance agents offering funeral burial insurance agreements, review the terms and conditions to contract to be certain that the policy you are about to sign off on will meet end of life financial demands. Some funeral burial insurance agreements are combined with life insurance policies for comprehensive coverage of both hospital, death and dismemberment, and burial remittance.

Determination of the benefits and disbursement terms to a funeral insurance policy is the first step in the research. Once the research process has been narrowed to a few comparable indemnity contracts, a future insured can select which policy is best for their end of life requirements.

Premium payment terms and conditions to contract may include limits on early termination of agreement. Be certain that the contract you have chosen is the best suited to your needs. Supplemental modification of a burial insurance contract may involve higher premium costs.

Costs for burial may vary according to region. Standard insurance industry quotes are scaled according to location and type of service. Most insurance agents calculate cost of contract estimates based on state-by-state average costs. Once a mortuary location has been selected, and options for internment have been assessed by an insurance agent, a full-service funeral burial insurance policy quote can be obtained.

Funeral burial cost estimation is most accurate where a funeral plot has already been paid for. In order to calculate the most precise funeral burial cost estimate prior to purchase of a mortuary plot, contact mortuary specialists in the area where you live. Type of funeral and mortuary services will affect the burial cost estimation. For example, casket costs may be higher than cremation burial.

Funeral Insurance Info

Death is a topic that the vast majority of people do not want to think about, much less talk about. However, discussing one's funeral and burial arrangements, and how they are going to be paid for, is an essential part of estate planning. Final expense insurance is designed to help cover the expenses that family members will have as they plan your memorial service. Determining how final expenses will be covered is just as important, if not more important, than preparing a will and an advance medical directive. Funeral insurance provides a relatively inexpensive way to have these costs covered. This will allow grieving family members the opportunity to remember the special times you had together without being worried about the cost of the funeral.

Final expense insurance is unlike life insurance plans for seniors. The goal of final expense insurance is to cover the cost of the funeral service, the casket, and the burial plot. Life insurance policies usually start out at around 10,000 dollars, and because of this, the premiums that an individual pays are much higher. Understanding that the face value of a life insurance policy may be far beyond what an individual needs to just cover their burial expenses, final expense insurance policies are designed with a lower face value. Often times, they are no more than a few thousand dollars. This is just the right amount of money necessary to cover funeral expenses and guarantee that your family members will be able to celebrate your life in the way that they want.

Determining Final Cost

A common mistake that individuals make is not taking into consideration all of the expenses that will be connected with their funeral and burial process. Consideration should be given to what you want your afterlife resting place to be. Is it your choice be to buried, or will cremation be more in harmony with your wishes? What type of casket would you want? And where would you want the plot of land for your afterlife resting place to be? A good way to gauge how much all of these things will cost, and thereby determine the face value of your final expense insurance policy, would be to speak to a reputable funeral director in your area.

A basic immediate burial plan provides a simple, yet dignified funeral arrangement. These things would include a modest graveyard service and a simple casket. Things such as the viewing, the plot of land for the burial, decorations and flowers, and a headstone would not be included in this basic immediate burial policy. These would have to be paid for separately. An immediate plan can be purchased either for those wishing a burial or those who prefer cremation.

A more traditional funeral service is going to include things such as the viewing, the hearse, and cremation. This option is going to be more expensive than the immediate burial plan.

When considering the amount you will want your final expense insurance policy to be, think about the other extras that you may wish to be included in your service. These would include things like limousines, processions, and flowers. Also, tasks done by the mortician including dressing the body, watching the body, and embalming the body should also be considered and included when deciding the details of your policy.

While many mortuaries have set packages that they offer to their customers which include certain services, customers are often able to choose to have additional services included in these packages. This reinforces the point that speaking to a qualified funeral home director is a good idea prior to selecting the policy amount for your final expense insurance. This way, you will be guaranteed to have an accurate price that covers all of the options and choices that you may want. Remember, you do not want to have grieving loved ones also be saddled with these unnecessary financial obligations.

Choose the Right Plan

One of the similarities between final expense insurance and life insurance is that they both can be divided into term or whole life policies. The term policy will cover an individual for a set amount of years in their life. For example, an individual may have a policy until they are age 80. If by the time they reach 80 they are still alive, the policy will have expired. Conversely, whole life policies will cover an individual for the entirety of their life. At times, insurance companies put age limits on how old an individual can be to purchase final expense insurance. This age varies, but it is usually around the age of 75.

Getting final expense insurance is an easy thing to do. All that is required of you is to fill out some simple paperwork and provide some medical information. For those who prefer not to provide medical information, a guaranteed issue plan is available. Individuals who have serious health problems may be required to purchase a policy which would become active after the individual had paid for the policy and continued living for a few years. The goal is to find the policy that is right for you.

Many individuals choose to have their end-of-life needs covered by purchasing whole or term life insurance. However, this life insurance is not for everyone. There are some individuals who, because of existing health conditions, will just not qualify for the standard life policy. Also, some individuals are financially in a position where they do not need life insurance to cover their family's expenses after their death. For individuals in these two circumstances, having final expense insurance that will just cover the cost of the burial and funeral service is exactly what is needed.

Before purchasing any form of final expense insurance, do your research. Do not sign any contract until you have been able to speak with various final expense insurance providers. We offer an online resource that makes it simple for you to look at different quotes provided by different companies, and then you will be able to make an informed decision from the comfort of your own home.