Hire a Funeral Insurance Agent- Don't Burden Your Loved Ones With Funeral Costs
Although many people choose not to talk about death, the fact is that
death is a part of everybody and irrespective of one's status; he can
never run away from it. If you really care about your family, it would
be a good thing if you made your funeral arrangements such that in the
event that you pass away, you will not burden them with the funeral
costs. The best way to prepare for the circumstances is to have an
insurance policy. Due to the fact that there are many people who have
realized the need to plan for their funerals, there are a good number of
insurance agents who are there to fulfill this need. Before choosing
the right agent it is important to first figure out the questions that
you want him to address. The following are the things you should ask
your funeral insurance agent.
Period of accidental death
It would be important for you to understand the length of period through which an accidental death is covered. Most insurance companies will cover accidental deaths for a period of one year since the signing of the contract and then thereafter, all types of deaths will covered by the same policy. Although this period may be written in the agreement, most insurance companies leave it flexible such that you can negotiate with the agent to have the period adjusted to your favor.
What is covered in the policy
Unless otherwise stated, funeral insurance policy will only cover accidental deaths for a number of years say 2 years. However, it would be important for you to clarify this issue. Before appending your signature on the agreement documents, it would be important for you to read all the terms and conditions and also make sure that you have understood them properly. After the first years of the plan, most insurance agents will allow the policy to cover deaths resulting from sicknesses or from any other reasons.
Can you claim refunds if you choose to cancel the cover?
Before accepting to pay the premium on this cover, it would be of great importance to know if you will receive a refund on the premium in the event that you decide to cancel the insurance policy. Sometimes later after taking this plan, you may decide to cancel it so that you can take another form of cover such as a life insurance. Most insurance agents will not accept to refund you money and therefore to avoid a situation where you lose your money, it is better that you ask the question before committing yourself.
Funeral insurance policy is likely to benefit your family members in a great way. With the ever rising cost of doing almost everything, your family members might have a very difficult time organizing your funeral if you have not covered it. Nobody wants to leave their loved ones in a financial turmoil. You should understand that in the event of death, family members are left emotionally unstable and therefore ill prepared to make all the funeral arrangements. With funeral insurance policy, your family won't have to worry about a thing because most of the arrangements will be handled by the funeral insurance agents.
Period of accidental death
It would be important for you to understand the length of period through which an accidental death is covered. Most insurance companies will cover accidental deaths for a period of one year since the signing of the contract and then thereafter, all types of deaths will covered by the same policy. Although this period may be written in the agreement, most insurance companies leave it flexible such that you can negotiate with the agent to have the period adjusted to your favor.
What is covered in the policy
Unless otherwise stated, funeral insurance policy will only cover accidental deaths for a number of years say 2 years. However, it would be important for you to clarify this issue. Before appending your signature on the agreement documents, it would be important for you to read all the terms and conditions and also make sure that you have understood them properly. After the first years of the plan, most insurance agents will allow the policy to cover deaths resulting from sicknesses or from any other reasons.
Can you claim refunds if you choose to cancel the cover?
Before accepting to pay the premium on this cover, it would be of great importance to know if you will receive a refund on the premium in the event that you decide to cancel the insurance policy. Sometimes later after taking this plan, you may decide to cancel it so that you can take another form of cover such as a life insurance. Most insurance agents will not accept to refund you money and therefore to avoid a situation where you lose your money, it is better that you ask the question before committing yourself.
Funeral insurance policy is likely to benefit your family members in a great way. With the ever rising cost of doing almost everything, your family members might have a very difficult time organizing your funeral if you have not covered it. Nobody wants to leave their loved ones in a financial turmoil. You should understand that in the event of death, family members are left emotionally unstable and therefore ill prepared to make all the funeral arrangements. With funeral insurance policy, your family won't have to worry about a thing because most of the arrangements will be handled by the funeral insurance agents.
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