We often worry about what would become of our loved ones should we pass away. We of course want them to be happy but there is also the concern of the high costs they might have to pay on our deaths. Funerals, along with everything else, have become much more expensive over time. If we pass on before those we love we want them to be taken care of. Final expense insurance plans, also called burial insurance, can save those we care about from this...more
With rising funeral costs many people are considering types of life insurance that cover their final expenses. Many people do not consider all of the costs associated with a funeral. There is the casket, embalming, grave marker, burial vault, hearse rental, the digging of the grave, the cost of the plot and many more expenses that can quickly add up and become a burden to the ones you leave behind. To eliminate this burden many people buy some...more
Costs of everything go up over time, it is called inflation. Funeral costs are not exempt from this simple rule. To offset the growing costs of funeral many people have begun to purchase burial insurance plans. These plans can cover the costs of expensive funerals so that your loved ones do not have to. Burial or final expense insurance is a kind of whole life insurance that is designed to handle the high costs of a funeral and burial. It is often available with no medical check and cannot be canceled because of age or infirmity.The beneficiary of burial insurance plans can use the benefits for anything. Unlike term life policies these policies last for life as long as the premiums continue to be paid. These kinds of policies carry a cash value. If needed, you can borrow against the value of these policies. As long as premiums are paid on these policies they pay out on the event of death. These types of plans have often have premiums that do not increase and benefits that do not decrease. The lack of a medical exam makes it fairly easy to apply for these types of insurance but that does not mean you should apply without spending a lot of time on finding the policy that best fits...more
Another thing to consider when choosing a final expense insurance company is whether or not they can offer you more than one type of plan. There are at least three different types of plans available on the market today, from those that act as little more than designated savings accounts, to those that will allow you to choose elements of the...more
You should learn as much as you can with state and federal laws concerning insurance and burials before purchasing final expense insurance plans. If your state has some type of "free look" law then you should take advantage of it and examine the contracts thoroughly before deciding whether that particular policy is right for you and your family....more
When considering final expense insurance plans it is important to carefully consider the coverage that will be needed. It is good to make sure that at least once a year you get a written statement detailing the status of your plan. As with any contract you should carefully examine the terms before signing. Some states have "free look" laws that allow you to examine a contract before having to decide whether or not to sign.Final Expense Insurance - Handling Your Final Responsibilities By: Mark Prip About the Author Mark Prip recommends checking out this unique site on Final Expense Insurance for more information.Visit this informative Burial Insurance site today at http://burialinsuranceplans.com to learn more (ArticlesBase SC #2934005) Article Source: http://www.articlesbase.com/ - Final Expense Insurance - Handling Your Final Responsibilities more
Sometimes people may end up borrowing money from other family but this can cause ill will and estrangement among all family members. A loan from a family member will make one family member feel uncomfortable around the family until the loan is paid....more
Before you sign up for Building and contents insurance, know that not everyone needs both of these types of coverage. Here are a few tips for those in the UK who are trying to determine exactly what their insurance needs are.Building insurance would...more
If you do not have any other life insurance policies, you should think about purchasing a small burial insurance policy. This way you will be preventing your family from undue stress at the time of your death. If you are young and single, your...more
Most plans will require that you enter the name of your beneficiary. If your beneficiary is deceased at the time of your death, you can elect to enter the name of a contingent beneficiary. You will want to make sure that your insurance policy...more
At the end of the term, your burial insurance policy will be up for renewal. Your rates will most likely increase when the policy is renewed, so be prepared to pay a higher monthly premium. It is best to select the longest term available when you are...more
If you own a van which you use as part of your business, you have all the more reason to shop around for the best possible insurance, because let's face it, if something happens to your van, your profits could be seriously affected.One of the biggest...more