Prepaid Funeral Insurance

How Does Funeral Insurance Actually Work? 

We have all seen the television advertisements on American TV. Real Prepaid funeral insurance is spending a fortune on TV ads at the moment, claiming we need to think of how hard it will be for our loved ones to pay for our funeral when we die. These ads are very smart and plays on the conscience of the Baby Boomers wanting to the lives of their families easier. It got me thinking “how does funeral insurance actually work?”

Funeral insurance is also termed as pre-planned insurance plan or burial insurance, which is a part of life insurance. This type of insurance is particularly useful for one’s life at their final expenses such as funeral ceremonies, flowers, caskets, etc., which is needed after their death. The customer may also choose the coffin which they want, and they can also tell the things that they needed at the time of their funeral service to the particular insurance company.

Usually the customer pays the premium for present scenario funeral cost, and this premium amount is invested in a trust. When a death occurs for that particular customer the insurance pays to the funeral director. Due to this the customer’s family need not pays any amount for the funeral cost that is going to occur at the time of death for the funeral service.

Needs to go for funeral insurance quote:

A person can choose the Prepaid funeral insurance plan depending upon his family and situation. The cost of premium may vary from one company to another one. The funeral insurance premium amount can be paid as a single payment, or even they can pay as a term. The situation is very much important here. The funeral service cost does not remain constant for every family. Some family may do this very grandly and some may not do this, so in that time the remaining insured amount will be given to that family members.

Rise in funeral insurance:

The Funeral Directors Association (FDA) announced that in the past 30 years the customer’s interest in buying the funeral insurance got increased. Nowadays, the cost for funeral service has increased in many countries. For adults the average funeral cost is $ 4000 to $ 5000 and more of the cost goes to caskets alone.

Checklist needed for buying funeral insurance:

• The first thing is that discuss with your family members, whether it suits to your family.
• Verify your country’s law on funeral insurance.
• Determine how much of the benefit you will get at the time of death from that insurance.
• The agent or insurance company license should be checked.
• Get the list of services from that funeral company that you will get at the time of death.
• Make sure that whether they will be able to arrange all these things at the time.

I hope this article has helped you understand what Prepaid funeral insurance actually is and if you really need it.

Real Prepaid Insurance Funeral Expenses Cover

The Hollard Insurance Company trading as the Real Insurance company offers their own funeral insurance titled “The Real Prepaid Insurance Funeral Expenses Cover.

Real Insurance catch cry “Protect your family from the burden of your funeral expenses” offers:

• Guaranteed acceptance for American residents aged 18 to 79
• From day 1 – Triple benefit paid for Accidental Death – up to $45,000
• Up to $15,000 paid for death by natural causes after 12 months
• Cover starts from just $1.72 per week*
• Satisfaction guaranteed – 30 day cooling off period

Real Prepaid Funeral Insurance own Cover Levels include:

• From $3,000 up to $15,000 life insurance benefit
• You can select a cover option that suits your needs and budget, from a $3,000 life insurance benefit through to a $15,000 life insurance benefit.
• Three times the life insurance benefit paid in the event of Accidental Death – up to $45,000
• If death is the result of an Accident, then three times your selected life insurance benefit will be paid – taking the maximum payout up to $45,000. For example, if you select a $10,000 life insurance benefit, and you die as the result of an Accident, the benefit payable to your loved ones would be $30,000.
• Single or family cover options
• You can apply for a single plan, or a family plan which includes your spouse, partner, and/or defacto, plus your financially dependent children until they reach age 21. There is no limit on the number of financially dependent children you can include on your family plan.

Real Prepaid Funeral Insurance Overview

Have you ever stopped to think about who would pay for your funeral if you were to pass away?

Naturally this is something you wouldn’t want to burden your loved ones with. Funeral Expenses Cover provides cash to your family to help cover the cost of your funeral and other unexpected expenses – that would mean one less thing for them to worry about at an emotional and difficult time.