Thomas Harry

5 Ways to Lower Funeral Costs Did you know that the average funeral costs $7,640 ? There is nothing harder in life than losing a loved one, but if you then have to spend a fortune on their funeral, then it can only make the experience that much more painful. Nothing will make losing a loved one easy, but there are ways that you can bring down the cost of the funeral that could help you to focus on grieving. Interested? Keep reading to discover how you can pay less than the average cost of a funeral. 1. Home Funeral One option to save money is to opt for a home funeral. This allows you to make big savings on the ceremony, plus many people it easier to grieve in their own home. Of course, this is an option that would require you to do a lot more, but for many, this could be helpful during such a difficult time. 2. Skip Embalming Embalming is not required by law and can cost around $700, but it is not essential. If you are having a one-day funeral, you should enquire about refrigera...

What Is a Burial Insurance Underwriter? Burial insurance is a kind of whole life insurance that covers final expenses in the event of death. While this may very well be one of the most important types of insurance that a person can purchase, many people are unsure about the process of obtaining this type of insurance. If you’re interested in finding out more about the process and what an insurance underwriter does, then you’ve come to the right place. We are here to help you understand exactly what an insurance underwriter does, and what to expect when considering an insurance policy to cover funeral expenses. Keep reading to learn everything you need to know about burial insurance underwriting. What Does an Insurance Underwriter Do In short, insurance underwriters assess risk. They consider many factors and they use those factors to determine the risk involved in issuing an insurance policy to an individual. In the case of burial insurance underwriting, the factors they conside...

Burial Insurance vs. Pre-need Funeral Insurance: What Are the Differences? Approximately 69% of American adults say they’d rather handle their own funeral planning activities than put the responsibility on their families. Yet, many of these individuals don’t take the time to make these plans. So, if you’re among those that value funeral pre-planning services and decide to plan yours, you might have a few questions. For example, you might wonder about the difference between burial insurance and pre-need funeral insurance. Are these products the same or different?  Here is a guide to help you learn what these are and their primary differences.  Basic Features of Burial Insurance Let’s start with burial insurance . Burial insurance is a product you purchase from a life insurance company. Some insurance companies call this final expense insurance or life insurance.  You can choose the amount of burial insurance you’d like your policy to offer, and you might want to ba...

Everything You Need to Know About Burial Insurance When someone close to you dies, the last thing you want to think about is money. Unfortunately, with the cost of funerals and burial expenses soaring, it’s something you need to consider. Burial insurance can help cover the costs associated with a funeral and burial, so your loved ones don’t have to worry about that added burden during a difficult time. Here’s everything you need to know about burial insurance. Types of burial insurance There are two main types of burial insurance: simplified issue policies and guaranteed issue life insurance. Simplified issue policies are designed to offer coverage with fewer underwriting requirements. In most cases, applicants for these policies only need to answer a few questions about their health and lifestyle in order to qualify. This can make it easier and faster to get coverage, which is especially important if you are looking for a policy to cover final expenses. Note, however, that your ...

What Is Burial Insurance? Burial insurance is for the living, not for the deceased. Typically, a person will purchase a whole life insurance policy that has a death benefit ranging from $5000 to $25,000. This policy is designed to be used for funeral or burial costs for either themselves or a family member. There are also family plans available. What Is The Difference Between Life Insurance And Burial Insurance? Burial insurance covers a one-time or short-term expense. It’s not an income replacement, nor is it for such things as buying a new house or going to school. It’s designed for the family members to pay for a funeral and the burial. It’s typically termed under the name “Burial Insurance” or “Whole Life Insurance”. Many people purchase life insurance with the reasoning that they can later use it to make a large purchase such as a home or for college expenses. That is where life insurance and burial insurance differ. It’s simply designed as one-time assistance to help with the...

Is It Worth Getting Burial Insurance? Burial insurance is a type of life insurance that pays out a specific sum of money to the beneficiary upon the death of the policyholder. It can be used to cover the cost of a funeral and burial, or to provide financial assistance for loved ones in the event that the policyholder dies. Although burial insurance policies are relatively affordable, many people do not purchase them because they believe that they will never need them. However, given how expensive funerals can be, it is important to consider whether burial insurance is right for you and your family. How does burial insurance work Burial insurance is specifically designed to cover the costs of your funeral and other end-of-life expenses. Unlike traditional life insurance, which is designed to provide financial security for your loved ones in the event of your death, burial insurance is intended to cover the costs associated with your funeral and burial. This type of insurance policy...