Burial Insurance Buying Guide

Death may seem so morbid to discuss in any given situation, but because it is a fact, some people have thought to generate profit from that concept instead. With this, one can say that sadness may have a good cause for others because they earn a living out of it.

Even if it may sound absurd, death should not be something humans should be afraid of. In as much as death is burdened with intense emotions, people should, at the least, try to do something about it and prepare for death. Take note that, in most cases, death often comes when it is least expected, that is why you really have to prepare for it.

For this reason, insurances have been known to combat the unexpected financial impact of death. Many people are not prepared every time something happens with their family members. From hospitalization to burial expenses, financial worries are always the known problem.

Among the many kinds of insurances available in the market today, burial insurance is one of the most important types of insurance policies an individual must obtain.

Burial insurance is a type of life insurance policy that entails minimum "face amount" to be used on memorial services and burial expenses. It is also known as a "pre-need" insurance because the policyholder has to pay the necessary charges prior to the looming situation.

With the increasing costs for burial and funeral expenses, burial insurance policies are really important. In fact, according to the survey conducted by the American Association of Retired Persons, burials and funeral expenses are one of the most high- priced acquisitions Americans generate.

Hence, with a good burial insurance policy, it may help cover funeral and burial expenses at the least. Of course, not all burial insurance policies were created equal. So you may still need to know the right way on how to choose the best burial insurance that can best work for you.

1. Do your homework

Before you start scouting for the best burial insurance policy, it would be wise to start doing some research first about burial insurance policies.

In this way, you can get the best quotes, check on the best and most reliable insurance companies, and seek the best service available for the burial policy.

Keep in mind that burial insurance policies are patterned before the needs of a specific individual. The services that will be included in the policy are categorized and included according to the needs of the policyholder.

Hence, getting the best burial insurance policy will depend on the choices that you make and on the information you have gathered. This will also include your states present laws regarding burial insurance policies.

2. Investigate on the company

Today, scammers and fraudulent people have dominated the society. For this reason, it is imperative that you investigate on the profile of the insurance company before purchasing a burial insurance policy.

It is best to check on the licenses of the companys agents, the companys registration, etc. These things will guarantee your safe transactions with the company.

3. Look before you leap

State laws provide free look benefits to their residents. This program enables a consumer to evaluate and assess the policy before deciding to get one. Keep in mind that once you have committed to a certain insurance policy, you are already locked into the provisions stated therein.

So it is best to be 100% sure before you affix your signature on the policy.

4. Be wary of pre- arranged forms

Never agree to any files or certificates that have been pre- arranged or have been filled up without your presence. You may never know its authenticity unless you have seen them created right before your eyes.

5. Read the contract

It is not a crime to read the contract before signing it. Make sure that all of the agreed services are stipulated in the policy and had been discussed in full details and in black and white. You should understand every word stated therein, otherwise, do not sign the contract.

Lastly, know your consequences if ever you have decided to call everything off. The burial insurance policy should state the exact corollaries in case you have decided to withdraw.

These are just some of the many pointers you have to know before buying a burial insurance policy. Knowing these things will help you choose the best policy that can work for you and your family.

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Comments

Fri, 16 Mar 2007 at 8:02 PM, by MichaelS
Benjamin Franklin once said, “In this world, nothing is certain but death and taxes. At least now, thanks to the internet, death doesn’t have to be as expensive.

According to AARP, the average funeral in the United States can easily reach $10,000 once a burial plot, flowers and other costs are included.

Educated consumers are no longer in the dark about how the funeral industry works. Big conglomerates are mercilessly buying up family-operated homes with their eyes solely on the bottom-line. Caskets alone average a 600% mark up. They may be the last example of a legal monopoly left in the United States. Mourners are literally gauged, as they haven’t the time or presence of mind to comparison shop.

It has always been tradition to call upon the neighborhood funeral parlor, cemetery or monument dealer when a loved-one passes. But, due to the internet, that traditional is starting to change.

MonumentsInStone is the sister company of Interstate Granite, a family-owned, monument manufacturer that has been in business in the Atlanta area since 1916. They have recently launched a website, offering granite headstones, bronze markers and crematory products at a fraction of their retail price. “We have been there.” Say the owner, Robert Womac. “And, we want to right an industry-wide wrong.”

Internet companies now supply headstones and memorials directly to the consumer. Although cemeteries might not like this, they have to, by law, accept a stone from an outside source. The savings have been a blessing for many customers.

The Funeral Consumers Alliance has many tips that should be followed when planning a funeral. They told us that savvy consumers need to shop around for a grave marker or monument. The Better Business Bureau also warns to resist high-priced sales pitches from funeral industry vendors. They should treat you with compassion; not pressure you.

Perhaps, asking a friend or neighbor to work the phones or search the net would be a good idea. Even a check on Ebay has produced a number of beautiful choices. I found an elegant, Granite Companion Monument for a third of the price my funeral parlor was pitching. A Tombstone on Ebay? I emailed the highest bidder to find out why. “I’m sorry,” He told me. “ I see no reason to pay top dollar because of some outdated tradition.”


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