When people become senior citizens, ideally they should sit back and relax. They should do the things they like and enjoy life but if they are dependent on Social Security, life would not be a breeze. Sometimes people even lose the group life insurance they invested in regularly for years while working in a company. Such people will have to choose between two ways in order to prepare for their funeral if they are not covered under life insurance. They would have to cut corners in order to set aside money for their funeral arrangements or expect family members to bear the costs. Social Security will pay a quarter of a thousand dollars which will be insufficient in the face of rising costs.
There are other ways, too, that will help you to plan your burial ceremony. They are affordable solutions which will help you in your predicament. I am talking about Burial insurance. It is also known as final expenses or pre-needs insurance. Anyone can avail of these policies. There is no requirement to qualify for them. You have to pay an amount of about fifteen thousand dollars or less. This amount will be paid to your family members on your death in order to take care of the funeral arrangements. Many insurance companies are offering various types of Burial insurance. You could compare the quotes of each policy and take a decision depending on the features available in each.
The costs of accessories required for funerals are increasing. If you sit down and spare a moment to give a thought to this you will realize the gravity of the situation. The coffin, embalming techniques, head stone, burial vault, rent of the hearse, cost of grave diggers, amount to be paid for the plot and so on will cost a lot of money a few years down the line. Even today these things aren’t cheap. All these arrangements are to be made along with the flowers, the clothes the dead person will wear, food and drink for mourners and so on. In their grief, your family members will not be in the state of mind to plan things perfectly.
You need not undergo a medical exam in order to apply for Burial insurance. The benefits you will receive for these policies can be used for anything though they are actually meant for expenditure of funerals. The benefits generally do not decrease while the premiums remain fixed. Do not cancel these plans citing reasons of old age. You could borrow against the cash values. Seriously consider going for a Burial insurance policy in order to make provisions for your funeral. It will highlight your foresight and reduce the burden of expenditure from the shoulders of your family members. They will be indebted to you forever and you will get a funeral the way you wanted it to be.
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