Thinking about one’s mortality is a very morbid thing to do that people try to avoid it at all cost. But when it happens to your family or to anyone you know of, the sudden realization of being ready to talk about the elephant in the room becomes very real. It is a melancholic topic to think about but it is necessary to be discussed, and planned for.
The last thing you ever want to happen is finding yourself and your family in a state of quandary when a loved one passes, and you are all not ready financially with the expenses that will arise with the funeral services, and burial that will soon follow. No one wants to be caught off guard when it comes to that so the need for a funeral insurance is really important to every family.
Why is a funeral insurance, burial insurance, or final expense insurance important to every family or household?
- Eliminate the stress and burden of the surviving family members : – No one wants to see their beloved surviving family members buried neck-deep with debts or IOUs because of the passing of a loved one especially when they are not prepared. A funeral insurance or sometimes called a final expense insurance, also includes a burial insurance to help cushion the financial blow of shouldering the expenses that will incur from someone’s death.
Dealing with the expenses of a burial and funeral services can be a daunting experience especially when there is not much financial aid to partake, to begin with. It is a stressful event for the inexperienced, and those who are not well versed with the requirements needed to facilitate such all these services for a seamless wake, and burial.
The costs can add up quickly when you least expect it . With the funeral insurance plan, the ones left behind will not suffer finding ways to cover the burial and funeral expenses, not to mention the other bills left by the deceased. And those too can add up to the financial burdens of the surviving family if there is no funeral insurance plan to use.
- Money will be made available quickly : – When a deceased loved one is insured, most funeral insurance policies pay out within 48 hours to ensure that surviving family members will not have to deal with the pressure of paying incurred bills to release some certifications needed for the funeral and burial services.
Imagine not having any funeral policy when something untoward happens to a person; the family is thrown into a compromising situation with rigid timelines to meet or more expenses will add up. This is why many people consider getting a funeral insurance to avoid all the drama, and chaos that may occur when there is a financial quagmire to deal with.
- Provision of a good wake and other funeral services : – Buying the funeral insurance will give the policy holder the opportunity to choose their own funeral and burial services, including proper resting place depending on the type of plan chosen. This guarantees the insured person that his or her passing will be handled as honorable as possible with the help of the chosen funeral services. It also helps the family members honor the wish of the deceased by providing a burial and funeral service that is preferred.
- Assurance that bills will be settled : – Upon a loved one’s passing, there may still be other bills that will soon be uncovered, and will require immediate payment. The final expense insurance policy can help pay off the other incidentals and charges that was not discovered earlier like more medical bills, some unpaid credit card bills, cost of travel for relatives who will visit for the wake and funeral service, and even income loss. If the policy paid for is more than the total cost of the burial and funeral services, then balance will be paid out which can be used to settle other bills or let the surviving family start a fresh life.
Buying a funeral insurance whether it is a funeral insurance for seniors or even a burial insurance for parents, is vital. And when buying a funeral insurance, you should make sure that you are buying from insurance providers who are following the mandates in the Cemetery and Funeral Services Regulations. And this applies to the insurance sellers as well.
Having one for seniors, parents, and even for the family will put everyone at ease in the future. The cost of having this kind of insurance is worth every penny in the long run as what is paid for may still be lesser compared to the racked up bills of hospitalizations, senior care, funeral and burial services all in all.