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Nobody wants to think about his or her death, but since you can’t avoid it, it’s vital that you plan for the worst. One of the most important ways that you can prepare for your passing is to have a proper insurance policy in place. When you’re looking to get insurance, there are dozens of different plans that you can choose from, which can make the process difficult.
Every year there are thousands and thousands of people that pass away without any insurance coverage. While most people don’t see this as a detrimental mistake, it’s one of the worst things that you could do for your family. In this article, we’re going to explore the difference reasons why you should consider buying a funeral insurance policy. Perhaps you’re older and want to know if you can qualify for senior burial insurance; we can help answer your questions and get you the coverage you deserve.
The Importance of Burial Insurance
If you were to pass away, your family would be responsible for all of your debts and burial costs. Depending on your situation, your loved ones could be left with thousands and thousands of dollars of debt. Having insurance coverage will give your loved ones the money that they need to pay off those bills without draining their bank account.
While many applicants may not know it, but a burial can cost around $10,000. Several different expenses go into burial fees. In some cases, all of the expenses can rack up $20,000 of expenses. These fees can be difficult for a grieving family to cover.
Losing a loved one is never easy, but if something tragic were to happen to you, your family could also find themselves with financial struggles. That’s why a burial insurance plan is one of the best purchases that you’ll ever make for your family. It will ensure that they don’t have to cover all of those bills while they are going through the difficult time.
Burial Insurance vs. Life insurance
As your life changes, your life insurance needs will change as well. Depending on your needs and current situation, a burial insurance policy could be perfect for you. There are several different factors that you’ll need to account for when deciding which kind of policy is going to work best for you.
The first factor that you should consider is how much money your family is going to need to pay off your final expenses and debts that you leave behind. The primary goal of your policy is to give them the money that they need to pay off those bills without draining their bank accounts. The size of your total debt is going to play a significant role in deciding between a burial insurance policy or a traditional life insurance plan. If you still have a significant amount of debt because of a mortgage, business loans, student loans, or a combination of some, then you’ll need to consider applying for a traditional policy. Burial insurance plans only allow you to get $25,000 worth of coverage, which won’t be enough to pay off major expenses. On the other hand, if you’re at a stage of life where you don’t have massive debts, then you can buy a smaller burial insurance policy.
The next factor that you’ll need to account for when you’re deciding between the two types of policies is your paycheck and how many people rely on that stream of income. If you’re one of the main income earners in your home, then your family would struggle if they didn’t have that paycheck every month. If you have several family members that still need your salary, then you’ll need to purchase a large life insurance plan. With a traditional policy, you can get a million dollars or more of coverage for your family to replace your paycheck. If you no longer have loved ones that need your income for necessary expenses, then you can save money by purchasing a burial insurance policy instead.
Working With An Independent Insurance Agent
Regardless of which types of policy that you choose, either a traditional policy or a burial insurance plan, the best way to ensure that you’re getting the lowest premiums available is to work with an independent insurance broker. Unlike traditional agents, independent brokers work with dozens of highly rated life insurance companies across the nation, which means that they can bring all of the best insurance rates directly to you.
Every insurance company is different, which means that you could get drastically varying rates depending on which company that you get the quote from. Finding the right company for you could save you hundreds of dollars on your insurance plan. It’s easy to see why it’s important to get dozens of quotes before deciding which company is going to work best for you. Instead of wasting your time calling dozens of companies yourself, let one of our experienced agents do all of the hard work for you.
When you’re working with an independent insurance broker, getting the best insurance protection is only a few clicks away. Instead of having to call every insurance company and answer the same questions over and over, with an independent agent, all you have to do is answer the questions one time, and we can deliver all of the best insurance rates to you in a matter of minutes.
Burial Insurance – Planning For The Unexpected
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. It’s our mission to help connect you with the best plan to meet your needs. If something tragic were to happen to you, your family would not only experience emotion grief, but they would also experience financial hardships as well.
Because there are so many different types of insurance coverage that you can buy, it can be confusing trying to decide which plan is going to meet your needs the best, but luckily we are here to help walk you through the decision process. Our agents have years of experience working with every kind of applicant, and we know which companies offer the best quality insurance plans at the lowest price. While we specialize in burial insurance plans, we can help direct you to the best type of insurance, regardless of which kind that it is.
If you have any questions about burial insurance plans or about deciding which kind of policy is best for you, don’t wait any longer to contact one of our agents. We would be happy to answer those question and ensure that your family has the protection that they will need.