Archive for the ‘Funeral Insurance’ Category

Final Expense Insurance – A Great Plan For My Future

Sunday, June 28th, 2009

Now that I’ve retired I’ve shifted my focus as well.  For many, many years now, I’ve poured my money into a 401K to prepare myself for this day and now that this day has arrived, I’ve decided to take my financial security outlook into the future once again.

I wanted to be certain that my family was protected when my time came.The very last experience a family member should have when faced with the loss of a loved one is the additional burden of expenses, so made myself responsible for finding a way to help.

Then I found final expense insurance.  It is exactly what it sounds like.  It’s an insurance policy that I have taken out that insures that when my time comes, my family will not be left with the tab.

I’m in good health at the moment and have a minimum of debt, yet nearly 60 years of experience has taught that there are a few curveballs still to be expected still s.  And as medical care costs only continue to rise, even my last few days could place a heavy financial burden on my family.

By taking out a policy for final expense insurance, I know I have them covered which puts my mind at ease.We’ve seen the ads on television talking about funeral costs and so on, but they are a load of rubbish.

Out of curiosity I looked into funeral prices only to find there are no recent, solid numbers to be found.  And furthermore, those insurance programs don’t offer my family the level of protection that I truly felt they deserved.  Even if I had opted for something like a burial policy, what about the rest of my expenses?

I think it’s fair to say that none of us know when our time has come so it’s not something that we can easily prepare for.We can’t say to the utility company “Please shut off the electricity on the 21st as I won’t be needing it any more”.

Truthfully I expect to be breathing for a good long while.  But by taking out a line of final expense insurance, I know when my plan finally fades, my expenses won’t be rolled over and onto my loved ones.By itself this means that it is more valuable than any other insurance I’ve carried.

Tags: , ,
Posted in Funeral Insurance | No Comments »

How Great Is Your Burial Expense Insurance

Wednesday, June 3rd, 2009

To better care about the well being of your family, you need to do something about your final expenses once you die. The way this is done is with final expense life insurance.

Insurance like this which provides for all of your final expenses is permanent insurance, meaning there are no term term limits to worry about. You do not have to commit to a term of 10 to 20 years and then have to pay a higher premium if you want to be covered for a longer period. This is for a finite time – your lifetime – and carries a premium that is fixed.

The Ideal Insurance Should Have
There are certain items that make up a high quality life insurance policy. When looking for way to cover final expenses, in addition to policies your already possess. you will want affordability. For instance, you do not want a policy that is going to be higher in cost just because you are higher in age. You should be between fifty-five and eighty years of age to be guaranteed coverage.

Guaranteed coverage means that you will not be turned down for coverage, even if you are 80 years old. his is a rare find as many insurance companies require medical exams or have age limits for coverage. Those who do not own any insurance policies, or have limited amounts, could be in a very difficult circumstance if policies were not available late in life. Actually, this would place the family in the difficult situation because the family would be the ones burdened with the expenses.

Another issue is that many policies don’t vest for two or three years before benefits will be paid. This is a problem if the insuree passes away prior to the end of the vesting period. This means that premiums have been paid, but no coverage issued. This also can put your family in a difficult position. They know the policy exists and they think that they are going to receive coverage, but they find out that it was not time for the coverage to go into effect. Panic can ensue.

What You Must Do
You may have to answer some health questions because, if you did not, the final expense life insurance company would be taking quite the gamble. However you won’t be required to take a lengthy medial exam as some policies require.

Your next step is for you to acquire a free quote so that you can see that a life insurance policy that takes care of your final expenses is not an expensive one. Forget the idea that a policy purchased at the ages from fifty-five to eighty must be excessively expensive. You should not be discriminated against because you are older.

Tags: , ,
Posted in Funeral Insurance | No Comments »

Why Get A Funeral Insurance Plan In Great Britain?

Saturday, September 13th, 2008

You can never begin your own funeral planning too early, especially if you live in the United Kingdom.  The American penchant to buy a funeral insurance plan while you are in your fifties or sixties is catching on in Great Britain.  Funeral insurance plans (also called funeral life insurance or Funeral Plans) are legal in the UK.  However, unless you plan on dying in the next ten years, you might want to think very carefully about getting a funeral insurance plan.

Too Many Bodies And Not Enough Room

Great Britain is facing an overpopulation problem of epic proportions – and not just with the living.  There is also a tremendous overpopulation of the dead.  There just isn’t any more land available to bury anybody in the traditional way.  According to a 2007 report in “The Times Online”, over half of England’s cemeteries are filled to bursting.  With 10,000 more people per year demanding to be buried, partially die to a funeral insurance plan, there just isn’t enough room to put all the bodies.

Funeral Insurance Plan – What About Cremation

The option of cremation is still open to the living in planning their dying.  You can even write this in to your funeral insurance plan.  However, you might want to also very explicitly state what to do with your ashes.  James Doohan, the beloved actor who played Scotty on “Star Trek”, asked to place his ashes up in a rocket (and it was done).  English ashes are not only being scattered on beloved football grounds and parks, but sent up in fireworks and mixed into the cement of new buildings.

Funeral Insurance Plan In Conclusion

Unless you are filthy rich or are a celebrity and don’t want your family to deal with news that your body was vandalized by souvenir-hunting fans, it really isn’t worth it to buy funeral insurance plans.  The laws of how to dispose of the dead in England are changing.  For example, crematoriums are required by law to reduce their carbon gas output in half by 2012.  This means that you might not be allowed to get cremated by yourself or allowed to have things inside of you like pacemakers or mercury fillings before you go up in smoke.

It is thought that even cremation might wind up falling out of favor with the law for environmental reasons.  A process is being developed to dissolve corpses in acid in order to dispose of them.  This is the procedure for getting rid of diseased cattle.  There are a couple of acid machines in England for the purpose of disposing human remains.  It works like a crematorium – only without the fire.

Tags: , ,
Posted in Funeral Insurance | No Comments »