Get The Latest Life Insurance Info

Do not miss out on any of Calvin Harvey's posts. Sign up to get them delivered to your inbox.

Why Purchase Burial Insurance?

Burial insurance plans, also often referred to as final expense insurance, are not the same thing as traditional life insurance policies. Coverage includes the costs that are directly related for a funeral. People who purchase a policy typically do so to ease the financial and emotional burden on their loved ones after they pass away.

Young families may find it difficult to think about buying burial insurance. However, if there are children, the cost of burying a husband or a wife can leave the bereaved struggling to make ends meet after paying out-of-pocket for funeral expenses. Dealing with the grief of an untimely loss is difficult enough without the added burden of paying for a burial.

Funeral costs are very high. Most average more than several thousands of dollars and the price is only going to get higher. A burial policy will cover these expenses and help remaining family members stay solvent.

Many people refuse to think about the high cost of dieing and believe that they will never need a burial policy. The truth of the matter is that burial policies typically don’t cost very much. Most families start with a limited plan and add to it over time.

Burial insurance policies come with a variety of options. An insurance agent will help you to understand these options and should be able to provide quotes from a variety of companies. Once you understand your options, pick the most affordable one that meets your needs.

Remember that funerals really aren’t about you. They are more for the surviving family members. It is the same with a burial insurance policy. When you take the time to pick a policy that effectively covers all the costs from the funeral home to the grave site and stone, you are taking good care of the family that you love more than life itself.

Why Life Insurance is Important for People Over 70

As people age they often let their life insurance go. They believe that since they no longer have children living at home or in college they no longer need these services.

The truth of the matter is, that life insurance over age 70 is just as important as it was when you had children living at home or in school.

Many people reach their golden years having not saved enough money for retirement and other things that may crop up in life. One of these things is their death.

If you don’t have life insurance, your burial is on someone else’s list of responsibilities. Life insurance can give you the peace of mind that you’re going to be buried where you desire, in the form that you prefer.

If you don’t have any form of life insurance, your burial is left up to others who may not have the funds available to bury you. Final expense are well over $6,500 in today’s economy and they’re only going to continue to go up in price.

Many families don’t have that kind of money lying around so they’re left to pool funds and hopefully not have to make payments on your final expenses.

Most mortuaries won’t take payments on burial or cremation so this can present a huge challenge to families. If you have life insurance, your family can afford to bury you or have you cremated.

Life insurance will also provide your family with a means to settle any outstanding debt that you may have incurred  in your final days.

Your family loves you and wants the best for you but they may find that without life insurance, they are left doing only what they can afford and not what you deserve.

Protecting Your Family With Life Insurance

Throughout your life you always have your family’s need in mind.  You work very hard to make sure that there is food on the table, the kids are able to go to school, they have a roof over their heads, and you have extra cash to spend for out of town vacations.  But what will […]

Continue reading...