The Top 5 Things to Consider When Choosing Funeral Cover

Nov 29, 2022 | Burial Insurance | 0 comments

funeral cover

If you or a loved one were to pass away unexpectedly, would your family be equipped to cover the funeral costs?

No one likes to think about their own death or the death of someone they love. It’s a reality that comes for all of us eventually, and no one is ever truly prepared.

That’s precisely why having funeral cover is so important. When the time comes, you don’t want your family to be burdened with managing funeral costs on top of everything else. Getting insured now can grant you peace of mind to last a lifetime.

But what should you have in mind when you compare funeral cover plans?

In this article, we’ll tell you exactly what to consider when choosing final expense insurance. Keep reading for all you need to know.

1. Should You Get Final Expense Insurance or Pre-Need Insurance?

One of the first questions you’ll need to answer is whether you should get final expense insurance or a pre-need plan.

A pre-need plan is an insurance plan provided by a funeral home for its own services, while a final expense plan is provided by an insurance company and can be used for any final expenses and any funeral home.

Pre-need insurance can only be used with the funeral home you bought the plan with, while final expense or burial insurance is more flexible. For that reason, final expense insurance is generally the best option for most people.

2. Does the Provider Offer Simplified Issue Life Insurance?

When you compare insurers, ask if they offer simplified issue life insurance.

Insurance providers often require a medical exam when applying for burial insurance. But with simplified issue insurance, you only have to fill out a brief questionnaire, with no exam required. This is the option most people prefer.

3. Do You Want an Increasing or Level Death Benefit?

A level death benefit is a payout from a burial or life insurance company that stays the same, no matter when it’s provided. Meanwhile, an increasing death benefit is a payout that increases in value over time.

The best choice will depend on your situation and preferences, so be sure to discuss it with your family.

4. Will the Plan Cover the Cost of a Funeral in Your State?

This goes without saying, but you’ll want to double-check the cost of funerals in your area and make sure your coverage will be sufficient. Final expenses vary from place to place, so don’t automatically assume that a plan is enough.

5. Will Your Funeral Cover Policy Ever Expire?

Although it may be hard to believe, some insurance plans expire once you get to a certain age. Before you sign up for burial insurance, make sure that your plan will never expire at any point, for any reason.

Get Burial Insurance You Can Trust

These are all factors you should keep in mind when comparing funeral cover policies. By taking thoughtful action now, you can focus on enjoying your life with your loved ones, and ensure a peaceful transition when the time comes.

USA Life provides final expenses insurance that your family can count on, no matter what. Contact us and get prepared today.

You May Also Like