Sentences with phrase «burial policy purchased»

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One of the easiest ways to offset the rising costs of a funeral, whether it be the cost of a burial or a cremation service, is to purchase a burial insurance policy (also called final expense or funeral insurance).

This important whole life insurance policy is typically purchased to cover the cost of a funeral and burial and, sometimes, other expenses that must be paid to close an estate, such as credit cards and other types of small loans or bills.

Many people purchase smaller burial insurance policies to cover final expenses.

When purchasing a burial insurance policy, it is important to obtain the right amount of coverage.

If, for instance, an individual does not feel that the pre-need coverage will be enough to pay for their services, then purchasing a burial insurance policy can be helpful in covering the difference in price.

After purchasing a burial or funeral life insurance policy, make sure all your important documents are quickly accessible to those responsible.

Typically, the amount of death benefit coverage that is purchased with a burial insurance policy is between $ 5,000 and $ 25,000.

The purchase of a good, solid burial insurance policy can be an important step in your overall financial plan.

We understand that the purchase of a burial insurance policy may be somewhat overwhelming.

For these reasons, people over age 50 will often purchase a final expense policy or a burial insurance policy.

If you no longer have several family members that rely on your income every month, then you can purchase a burial insurance policy and save money on premiums.

Finally seniors choose to purchase a burial insurance policy to cover just the cost of their final expenses.

Lincoln Heritage is family owned and operated, emphasizing personal service that provides for quick responses whether you need to purchase a new burial insurance policy or make a claim as a beneficiary.

Therefore, it may make more sense to purchase Burial Insurance policy.

In addition to just reviewing the features of the burial life insurance policy you may be purchasing, it is also important to have a good understanding of the life insurance company that is underwriting the plan.

We work with many of the best burial insurance policy carriers in the industry today, and we can assist you with obtaining all of the details that you need for making a much more informed purchasing decision.

We understand that the purchase of a final expense / burial insurance policy can seem a bit overwhelming.

The overwhelming majority of applicants should not be purchasing a guaranteed acceptance burial policy.

That is through the purchase of a burial insurance policy.

Typically, this kind of policy is purchased to protect a family from the unexpected financial costs associated with the death of a child, such as funeral, burial, and outstanding medical bills.

The average cost of a burial insurance policy is approximately $ 50 per month, and the most common face amount purchased is $ 10,000.

Additionally, we'll help you understand the cost of a funeral, the various factors that determine the price of burial insurance, and ways show you all the ways to purchase a policy.

For this reason, be sure that you know what type of burial insurance policy that you are purchasing.

Before you purchase one of these burial insurance policies, it's important that you determine how much life insurance protection that your family will need if something tragic were to happen to you.

Even if a person already has life insurance coverage, it may still make sense to purchase a pre-need funeral plan or a burial insurance policy.

If you are ready to move forward with the purchase of a burial insurance policy, we can help.

If you reach the cutoff age for a term policy, then there are permanent insurance choices you can purchase, like whole life policy, universal life insurance or even burial insurance which is worth it when you only need coverage for final expenses.

First, if you need a way to pay for your funeral and other final expenses — and you want to be sure that your loved ones will not have to dip into their savings or use other financial means for paying these costs — then a burial insurance policy may be a good thing to purchase.

However, unlike burial insurance, a pre-need funeral coverage policy is purchased from the funeral home where the person intends to have their services.

Should you find that you still have any additional questions or concerns about purchasing a burial insurance policy, feel free to reach out to us directly via phone.

Likewise, those who want to ensure that their funeral and burial expenses are paid off will often purchase a final expense policy.

Another is to purchase a burial insurance policy.

If you don't have any debts, then you should consider purchase a burial insurance policy instead of a life insurance plan.

Burial Insurance policy should specify what type of outer burial container you have purchased and, and what it is made of, what kind of marker you have purchased, its size, material, and Burial Insurance policy should specify what type of outer burial container you have purchased and, and what it is made of, what kind of marker you have purchased, its size, material, and burial container you have purchased and, and what it is made of, what kind of marker you have purchased, its size, material, and style.

Instead of converting just the cash value that has accumulated, you may be able to get enough to purchase a small burial or whole life policy that will handle final expenses and put the rest into an annuity to build your legacy.

Depending on the policy purchased this death benefit can prevent your family from having to shoulder the cost of burial.

We understand that the purchase of a burial insurance policy can be a bit overwhelming.

Because the costs of a funeral can range widely and unexpected costs can quickly add up, purchasing a burial insurance policy can be a good pre-emptive decision by relieving your loved ones from unexpected and immediate expenses at a very difficult time.

«Senior life insurance» may be used to describe policies such as burial or final expense insurance which are often purchased by older Americans to cover funeral costs, as well as other final expenses when they die.

In some cases the burial insurance policy can be purchased directly from a funeral home as part of estate planning, and the policyholder can name the funeral home as the beneficiary.

The amount of coverage is calculated when the policy is purchased, with the guarantee that the real cost of burial won't exceed the covered amount regardless of when the policyholder dies.

If a person is considering purchasing a burial insurance policy, it is important to remember that burial insurance rarely provides death benefits to family members of the policy holder.

This is a true burial insurance policy that you may purchase anywhere from age 45 to 80.

However, while burial insurance is generally straightforward in nature, there are some subtleties that you will need to be aware of when trying to purchase a policy.

Deciding whether to purchase a prepaid funeral plan, or a traditional life insurance policy like senior burial insurance can be confusing.

When purchasing a final expense or burial life insurance policy, you won't be locked in to choices you made 20 years earlier.

Before you purchase your policy, it's crucial to know there are different types of plans under the burial insurance umbrella, and each one will operate differently down the line.

Those who have older children and have paid off the mortgage may need only enough insurance to cover burial costs, whereas those with young children and large debts will likely want to purchase a policy that will allow for financially comfortable lives for their families, including enough funds to cover college expenses or trust funds for the kids.

In other words, waiting until an individual is in his / her 80's to consider burial insurance will result in higher premiums than if a policy were purchased sooner.

If your goal in purchasing life insurance is simply to cover funeral and burial costs, consider purchasing a small term life policy, such as $ 10,000 to $ 20,000 in coverage.