Losing a loved one is never easy, it can be an emotional and stressful time. Nobody wants to think about his or her own death, but it’s important that you plan for those things that you can’t avoid. If you don’t plan for your death, you could leave your family with a massive amount of debt and challenging decisions.
What a lot of people don’t understand is that funerals can be very expensive. In fact, the average funeral costs around $10,000, and it can easily reach twice that. Those expenses could create serious financial problems for your loved ones.
What Is A Graveside Service?
If you’re looking to save money when you’re pre-planning your funeral, just have a graveside service is one way that you can do that. There are much fewer expenses that are involved with a graveside service.
During the graveside service, you can expect to pay a few basic expenses like renting a space like a chapel or other place to use. The price to rent a chapel is going depend greatly on where you live and can vary even within a town. Some places will allow you to use their facilities for free or a discount.
Additionally, you’ll have the traditional expenses of any transportation of the lost loved ones and any transportation of yourself if you choose. These are typically a minor expenses, around several hundred dollars.
One significant expense that you can either eliminate or drastically reduce is the flowers and floral arrangements that you have at the graveside serve. Although some applicants may not realize it, flowers can easily equal several hundred dollars, or even more than that depending on the quality.
If you only do a graveside service, you can easily reduce the costs of the final expenses, but just a graveside service can still cost thousands of dollars. If something tragic were to happen to you, your loved ones would be responsible for all of these bills, which can make the difficult situation a thousand times worse.
Is A Burial Insurance Plan A Good Option?
One of the best ways to offset these costs for your loved ones is to have a quality insurance plan. A burial insurance policy would give your loved ones the money that they need if you were to pass away.
These plans operate just like a traditional life insurance, but they provide a much smaller amount of coverage. Typically, these plans offer around $25,000 worth of coverage, which is enough to pay for a burial and any other related costs.
While they are called “burial insurance,” the money can be used for any bills or final expenses that you’re responsible for, which is one of the main differences between these plans and a pre-paid funeral. With a pre-paid funeral, you’re going to pay the funeral home directly, and when you pass away, everything is paid for, but your family won’t receive any money to help them pay off credit cards or any other expense.
These burial insurance plans are a great alternative to life insurance policies for some people, but it’s vital that you consider all of the different aspects that go into making that decision. It’s vital that you give your family the protection that they need if something were to happen to you.
How much debt would you leave behind to your loved ones if you passed away tomorrow? The primary goal of a traditional life insurance policy is to give your loved ones the money that they need to pay off all of your final expenses, like your mortgage, car loans, and everything else. If you don’t have a lot of debt anymore than you should consider purchasing one of these burial insurance plans that will save you money in premiums.
Another factor to consider is your paycheck. The secondary goal of a typical life insurance policy is to give your family money to replace the source of income that you provided. If you don’t have anyone that relies on your paycheck every month, you can purchase a burial insurance policy instead.
Burial Insurance Plan
Getting the proper insurance policy for your family is one of the most important things that you can ever do for your loved ones. Not having a plan can leave them with a mountain of debt and no funds to pay those debts off. The majority of consumers automatically assume that they will need to purchase an expensive life insurance plan for their loved ones, but that isn’t always true. There are a lot of people that should take advantage of a burial plan.
If you have any questions about burial insurance plans or about some of the different options for coverage, please contact us today. We would be happy to answer those questions and ensure that you’re getting the best plan to meet your needs.
Unlike traditional insurance agents, we are independent insurance agents, which means that we don’t work with one single company. Instead, we represent dozens of highly rated companies across the nation, and we can bring all of the best rates directly to you. The best way to ensure that you’re getting the lowest rates for your plan is to compare quotes from dozens of insurance companies before deciding which one is going to work best for you.
We can bring all of those rates to you instantly, without having to spend hours and hours on the phone. Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your family deserves.