Most of us don’t like thinking about our own funerals, but no matter how much we ignore the inevitable, the truth is that when the time comes someone will be responsible for those expenses. The question is will it be our grieving loved ones who foot the bill or will we plan ahead & purchase funeral insurance to cover those costs so they’ll have one less concern to worry about.Funeral insurance protects your loved ones by covering the costs of the burial & service so they don’t have to. Most funeral insurance policies range between $5000 & $20,000 in value & are available to persons of any age, so it never becomes too late to begin making these important arrangements.One of the best things about funeral insurance plans is that they are affordable & accessible to everyone. Funeral insurance premiums are payable monthly so the cost is spread out over the course of a year, instead of coming all at once every six or twelve months. Plus, signing up for a funeral insurance plan does not require a medical exam, so people in high risk categories, such as smokers, or with pre-existing medical conditions can still qualify.
Even without these benefits, the reality is that funeral costs are constantly getting higher & most of our current life insurance, if we have any, simply is not enough to cover medical bills, existing debt, & burial expenses. With an additional funeral insurance policy, however, we can be assured that our loved ones have the funds necessary for a proper farewell.Funeral insurance provides security & shows those we love that we cared enough about them to plan ahead & to save them from the unnecessary stress of paying for our funerals. But, more than that, funeral insurance can also be used to pay off additional medical costs or other incurred bills so our families will not be hounded by debt collectors at one of the saddest moments of their lives. Funeral insurance can also leave something behind which may ease their loss: money for college, home repairs, or living expenses. And the beneficiary of the funeral insurance policy does not have to pay any taxes on the money.Article Source: http://EzineArticles.com/42207