Funeral Expense Insurance – What Is Funeral Expense Insurance?
Funeral expense insurance is a very popular insurance policy. It is preferred especially by senior citizens who are aware that they will not live for very long. A majority of them will be insured under life insurance policies or Medicare but some people might not have renewed them or the policies may have lapsed. In such a scenario, elderly people would like to be covered under Funeral expense insurance so as not to burden their family members with the cost of their funeral ceremonies. If you want to know more about Funeral expense insurance read on.
The rates of permanent insurance do not fluctuate. Once the premium rate is decided for you it will not change no matter what the market movements are. The insurance plan will pay the entire amount fixed as your premium. This amount can be used to pay your medical expenses. There are a number of Funeral expense insurance plans each having different premiums to pay and different coverage areas. Everyone is eligible for such policies. You need not go for a medical examination in order to buy such plans. As elderly people are prone to grave health problems there must be a doubt lurking in your mind that they could be refused Funeral expense insurance. There is no such thing.
Maybe you might have to pay higher premium but you will never be turned away just because you are ill. A person aged anywhere between 50 to 85 years of age can opt for this insurance. People above 1 year of age can go for it, too but elders need to be in the above mentioned range. You will have to do your homework before deciding on a policy. You will have to go through the terms, conditions, plans as well as requisites to select a policy that would be ideal for you. You could take the help of an experienced and licensed insurance agent to guide you. Policies can be expensive or cheap. You can go for one that you find affordable.
Funeral expense insurance covers most of the services that are mandatory in funerals. If an amount is left after payment of these services it could be used to pay off the expenses that the dead person had incurred in his lifetime. It could help you to pay all his pending bills instead of using a portion of your inheritance. The departed person will also get the funeral the way he/she wanted. They could decide the clothes they would be dressed in, the kind of flowers, coffin, gravestone, refreshments for mourners, plot of land for burial, the hearse and so on. If people plan their weddings what is wrong in planning their funerals. It is a cost effective way of paying for funeral expenses in advance. Your family members will be indebted to you for life for saving them the trouble of arranging for your funeral.
University of Pitt Graduate 1984
Owner/Founder of Williams Agency in 1986
Source for affordable pennsylvania auto insurance