Seniors Funeral Insurance

Posted on May 16, 2012 by Steve

Seniors Funeral Insurance Types and Benefits


Funeral insurance for seniors also known as a pre-need policeis is one way that offers you a chance to take care of the funeral plans for the seniors before it is too late, in more than one way. Some of these insurance policies only allow you to use them to cater for your monetary needs while others offer full funeral coverage.

Purchasing Seniors funeral insurance using a cash payout enables family members to have a budget when it comes to funeral expenses. This is why burial insurance for seniors enables them to opt for funeral expenses that are pre-planned, allowing them to pick funeral arrangements they desire before the death of an elderly one.

…..gives seniors a chance not to worry about funeral proceedings years before they die. Continue reading →

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How does funeral insurance work when you die?

Posted on June 13, 2011 by Steve

Funeral Insurance Question:

I don’t get it – unlike natural deasters or things like your house burning down or getting cancer etc, death is guaranteed, so how do insurance companies make money off  funeral insurance? They must be covering their costs? So wouldn’t you just be better putting $2.50 into a savings account each week?  Confused.

Insurance Answers:

  • Answer 1

    “Funeral insurance” is just a form of life insurance. Insurances companies DON’T “make money” on every single policy sold. They DO make money in the aggregate (when ALL policies are considered). That’s what actuarial studies are all about. Continue reading →
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How To Compare Funeral Insurance Plans

Posted on June 10, 2011 by Steve

Dying is a very expensive exercise. Back in  the early centuries dying and getting buried was an easy thing. The village would gather, women or men would prepare your body for a ritual burial. You would be cremated, buried or left to float down the local river. Cost was minimal; these days it’s not cheap to die and because of another modern trend of us burying ourselves, we really do have to compare funeral insurance plans before we hand over the money.

While many people are uneasy about talking or thinking about death, it is an inevitability that everyone will encounter eventually. It may seem macabre, but it is important to prepare for death as early as you can.  A great way to do this is with burial insurance or final expense funeral insurance.

Make sure that your insurance provider has a good reputation. When comparing funeral insurance rates, you can save time by researching only reputable companies and agents. If your current insurance already covers burial and medical costs, then perhaps a strict funeral policy is not needed.

Continue reading →

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