Affordable Life Insurance Protection for Your Family
Funeral Insurance. Yes, it may be a good idea, but be careful.
Funeral insurance is an insurance policy designed to cover any costs directly related to your funeral and burial. The payer may stipulate what costs are to be covered or the funeral insurance policy may pay out a lump sum to your beneficiary.
Many people wonder whether funeral insurance is a good idea or not.
Reasons Why Funeral Insurance May Be a Good Idea
Funeral Insurance Is Easy to Get
Funeral expense plans offer guaranteed approval for anyone who meets the age requirements for acceptance.
Funeral insurance is a type of permanent life insurance policy that provides guaranteed approval, with no physical exam required and no health questions.
As long as you meet the age requirements, you are guaranteed coverage.
For example, one leading life insurer offers guaranteed issue funeral insurance policies for people ages 45 to 85 (50-75 in NY).
You can choose from $2,000 up to $25,000 of life insurance.
You can request your free funeral insurance quote and apply for a policy today.
NOTE: The average funeral and burial expenses in the U.S.A. are around $8,850 according to a recent survey conducted on behalf of the National Funeral Directors Association.
Funeral Insurance Provides a Fast Cash Payout
Upon Death of Insured
Let’s say you don’t have enough life insurance. The family still needs money.
It can take months to get access to the assets of an estate, which can make it almost difficult to pay the funeral home for services.
One of the best things about funeral insurance is that the payout is immediate and it will take care of all of the costs associated with your funeral.
This includes the cost of a casket, embalming, memorial service, grave plot, hearse, flowers, headstone and cremation, among other things.
That money can really help your beneficiaries so they aren’t struggling to find the money needed to cover all of your end of life expenses.
Funeral Insurance Prevents Financial Distress for Your Family
Funerals can place a lot of emotional and financial stress upon a family.
The average funeral costs around $10,000 or more once you add in the costs of a funeral service and burial expenses.
Unfortunately, many people live paycheck to paycheck and may not have this kind of money available.
You don’t want your loved ones to have to take out a loan in order to get money to pay for your burial and funeral costs.
Funeral insurance can take care of all of your final expenses, which will make it much easier on family members who are still grieving from your loss.
Funeral Insurance Offers Affordable Coverage
Funeral insurance makes sense to purchase as long as you select a policy that has affordable premium payments.
You don’t want to pay thousands of dollars into an insurance policy that has a minimal payout and does not provide adequate coverage in the event of your death.
You may be better off simply funding a savings account to provide for your final expenses, and giving your beneficiary immediate access to the account. Get a FREE Quote.
Funeral Insurance Offers an Option to Cancel
Each life insurance policy comes with a cancellation clause that allows you to cancel your coverage should you decide you no longer need the protection.
Final Thoughts on Funeral Insurance
If you don’t have enough money saved to cover the cost of your funeral when you die, funeral expense insurance can help.
However, you may choose to cancel your policy once you do have enough money saved to pay for your funeral.
Funeral insurance may be a good idea for anyone without enough cash saved to pay for their final expenses, including the cost of their burial, funeral, hospital bills, and other end of life expenses.
Funeral Insurance Quotes
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.
Highly Recommended – Met Life
Met Life offers guaranteed acceptance life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates starts as low as $10 per month. There's no medical exam and no health questions. You cannot be turned down.