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...more
It is important to keep in mind that over the past decade, funeral costs have been getting more expensive, and these costs are expected to keep increasing over the years to come. One of the biggest benefits of choosing the right kind of burial policy is that you will be able to lock in the price of your funeral now, regardless of when it will be redeemed. That is why so many younger adults have started to purchase and pay off these policies now,...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
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 access to a computer or you do not have time to fill out a form on the computer, you can also call an insurance company and have them mail you information about burial insurance policies. Some insurance companies may ask if you...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