FINAL EXPENSE INSURANCE - Don't pass the buck!

Having a loved one pass away is one of the most difficult days we

experience as a family. The last thing we want to do is add to their

grieving, and pass on an $8,000 to $12,000 funeral bill

with no means to pay it off. 

Most people don't want their spouse, or kids to reach into their own

pockets, or sell off investments that are put aside for living expenses.

With insurance rates at all time lows, and funeral expenses going up,

the sooner you plan, the less expensive it is, and the sooner you

will have the peace of mind of preventing a financial hardship

upon your family.  

Ask yourself, what's harder?  Will it be more difficult now to come up

with $40-$60 a month for a few years, or your family coming up

with the $8,000 to $12,000?   

Many have procrastinated way too long!  By the time we are 65 or

older, insurance costs just get harder to afford!  Our age, and

health condition determine these costs.

If your 55 or older the time to act is now!  There are no free funerals.

The government only pays out $250 to our beneficiary.

Your family is important to you and protecting them is your top

priority. It’s always a good idea to look ahead at how they’ll be

taken care of should anything happen to you. Now there is an

affordable way to guarantee your family will have the cash it

needs to cover bills and other expenses after your death.

NOW YOU CAN GET AFFORDABLE LIFE INSURANCE!

Even those with some health issues can be covered.

Term vs. Whole - you decide.

Term insurance is what it sounds like - it ends!

Most Term insurance "ends" at the worst time, when our parents

or you reach 70 or 75 years old. 

Since we are no longer in great health, and older, our rates to renew

or convert has quadrupled , or worse our health condition disqualifies

us.  

Most seniors are "persuaded" towards term insurance, because

the "rates" are lower. The risk is really on the seniors due to the

above, as we live longer, the risk to the insurance carrier of

paying out claims declines.

Plainly speaking, one must "die" before the "term" ends, to

receive benefits.

Whole Life is, what it sounds like - stays in place your whole life!

As long as premiums are paid, this insurance will not end.

Cash values can build up, in case of hard times, it can be used to

pay the premiums. This is "very important" as many find themselves

paying for nursing home care, or increased medical bills make it

difficult to pay other bills.

By having cash value, most companies today allow the use of the

cash value to pay the premium to keep it in place without any

hardship on the individual and secure insurance for the purpose

intended!

For this reason "whole life" is a few dollars more expensive than term.

The lifetime guarantee, is priceless.

You can read my article on how to protect this cash value, and still

qualify for Government aid (nursing home care) using

a Funeral Trust: 

GUARANTEE ISSUE - what's the catch?

With a few minor health exceptions, many will qualify for final

expense insurance that will pay out immediately upon death to

the remaining beneficiary.

Guarantee issue implies a "graded benefit". 

What this means, is due to health conditions existing within the

last 5 years, such as "heart attack" or heart surgery with continued

medications (Lisinopril, Zestril, Prinivil, Plavix) or even confined to

a wheelchair, you still can be issued a final expense insurance

policy.  (Death benefit starting at $2,000 up to $15,000)

However, the death benefit will typically be paid out

"after the first 2 years" of coverage.  During this period, the

death benefit will consist of all premiums returned that were

paid in, plus 10% each year. After 2 years, the full "face amount"

of the policy will pay out to the beneficiary.

This is superior than being declined, as there is no waiting to

get "healthier" to qualify for better rates.   That can happen, and

changes can be done if health does improve.

Committing your final expense funds to a specific

funeral home is not a wise decision:
The Funeral Home where you pre-paid for your final expenses might

not still be in business - or if it is, the person(s) that you placed your

trust and confidence in when you created your final arrangements

plan might not be available to carry out your instructions - when you

need their services.  Read the AARP article exposing the

scandal and risks:

R.I.P. OFF

by Barry Yeoman, Jan & Feb 2008

 "A Funeral-Industry Scandal that's FLEECING Thousands of

Americans." 

http://www.aarpmagazine.org/money/funeral_rip_off.html

The Funeral Home where you pre-paid for your final expenses might

be sold or merged into a larger, less personal organization which you

might not want handling your final arrangements - and they MIGHT NOT

honor your request for a refund

Your future plans might have you moving to a different city and/or

state to retire - or to be near loved ones - thereby making your

earlier arrangements obsolete With a 'Funeral Trust' you are not

obligated to have your final arrangements handled by any one specific

person or entity - your arrangements can be handled by any relative,

other person, entity or funeral home at the time of your passing

Call us for a "free no obligation" quote to see what you

qualify for, or your parents.