10 Advantages to Burial Insurance and End of Life Planning

Burial Insurance

10 Key Things to Know About

Burial Insurance

 

The Average Cost of a Funeral: $7,000-$10,000
The Average Cost of a Burial:  $5,000-$7,000
TOTAL Funeral and Burial Costs:  $12,000-$17,000

 

According to AARP (www.AARP.org), the average cost of a funeral for most families is approximately $10,000.  Depending on a wide variety of individual factors and circumstances, this average cost could arguable by much lower…or much higher.  However, when you consider the fact that your family and loved ones could be forced to deal with a large number of financial choices and decisions that add up to such significant funeral costs, creating an end of life plan and looking into burial insurance is something that nobody should overlook or ignore.

Top 10 Advantages of Burial Insurance:

 

1.) NO medical exam required

2.) Premiums NEVER increase

3.) Accumulates CASH value

4.) Insurance NEVER decreases

5.) EASY to obtain up to age 85

6.) Protection is GUARANTEED

7.) Prepays ALL funeral costs

8.) Prepay OTHER outstanding debts or expenses

9.) Your beneficiary can ALWAYS be changed

10.) QUICK and EASY protection from $2,500 to $50,000

Click Here for a FREE Burial and Funeral Insurance Quote

 

 

By |November 20th, 2013|Categories: average funeral costs, Blog, burial, burial insurance, end of life, Funeral Costs, Funeral Insurance|Tags: , , , , , , , , |Comments Off on 10 Advantages to Burial Insurance and End of Life Planning

Talking About Death and Funeral Planning

Death and Funeral Planning

Why are Funeral Planning and Death

Considered Taboo Conversations?

There are few things in life that are certain, but one thing that can be relied upon is that we will all die. Although death is an absolute certainty for every single one of us, society at large still seems to find it difficult to discuss funeral planning, death and dying. Death has always been something of a taboo subject, but even in these relatively enlightened times it is still a topic that causes some to react with disgust, fear or denial.

As a result, to plan a funeral for yourself or a loved one can be tricky at best. It is important that everyone gets the kind of funeral plan that respects their beliefs and wishes.  However, if these are not discussed in advance, it is difficult for those left behind to know how the best ways to handle these difficult decisions after a person has died.

Fear of Death and Dying

It’s understandable that, as a species intent on survival, we are reticent about discussing our inevitable demise. Fear of death can encompass a number of things including concerns about grief and loss, worry about pain or suffering, fear of the unknown, and bereavement.  There is also the sense that in death, things that an individual values such as family, friends and loved ones will be lost.

Many people have superstitious beliefs concerning death and dying that can hinder their willingness to talk about their end of life plans and preferences – and what should happen after they’re gone. The belief that talking about death is somehow “tempting fate” or will hasten death is common and will cause problems with making clear plans for what should happen after death.

Some deaths are more predictable than others, and those people who are diagnosed with a medical condition with a prognosis of shortened life may be in a better position for terminally ill planning since they have “some” idea of how much life they have left. Still, even those people for whom death is imminent may not wish to talk about it.

Death and Money – The Perfect Storm of Taboos

If there is one topic that draws an equal amount of discomfort for open discussion, it is an individual’s personal financial affairs. In working through a funeral planning checklist, the subjects of money and death are brought together in a clash of two of the strongest taboo subjects for discussion in polite conversation.

According to AARP, today’s average funeral costs can run upwards of $10,000.  Clearly this is no small consideration when facing things like funeral estate planning and finding the money to pay for the essentials after a death. In addition to adding the stress of finding this money to the worry about doing the right thing, you also have the drawbacks of not discussing how to plan your funeral with loved ones when the opportunity has always been available.  So these drawbacks significantly outweigh the discomfort of talking about things that are often left unsaid.

An Open Conversation About Death

Although it is hard for some people to talk about dying, it is an extremely important conversation to have. Without an understanding of what a person’s wishes are for their end of life funeral arrangements, families can be left in a difficult position of trying to second guess what their loved one would have wanted after their death. Don’t leave it too late to have the conversation.

If you preplan a funeral, it gives you the opportunity to talk about preferences, funeral costs, and the way in which you want to be remembered.  This includes even the little details such what you want to say in your obituary, what kind of memorial service you would like, what to put on your monuments or head stone, or even new memorial technology for gravestones.

Getting your funeral plan, preferences, and finances in place early means that both the dying person and the family left behind have the peace of mind to knowing that the right thing was done, and the funeral plan and money are available to ensure the deceased’s wishes are fulfilled.

Conclusion

Death and dying is one of the final taboos for discussion in our society. However, making sure that everyone is clear about what they want in death and their wishes for their funeral can bring peace of mind to all concerned.

Article contributed by Memorials of Distinction

Funeral Insurance

End of Life and Funeral Insurance

Everything You Need to Know About
Funeral Insurance

The Average Cost of a Funeral is $10,000 (AARP.org)

 

10 Important Things to Know About
Funeral or Burial Insurance:

 

1.) NO medical exam required
2.) Premiums NEVER increase
3.) Accumulates CASH value
4.) Insurance NEVER decreases
5.) EASY to obtain up to age 80
6.) Protection is GUARANTEED
7.) Prepays ALL funeral costs
8.) Prepay any expenses or debts
9.) Your beneficiary can ALWAYS be changed
10.) QUICK coverage ranges from $2,500 to $50,000

Additional Helpful Resources:

3 Most Common Ways to Plan a Funeral

How to Prepay Funeral Expenses

Key Burial Insurance Details

Top 10 End of Life Plan Benefits

 

End of Life Planning Personal Story

End of Life

My Personal Story…

That’s Not So Easy To Share…

I would like to ask you to please spend some time reading this personal story of mine.  I am FULLY confident that you will find something in this story, some special message, that will make your life better, and end up being worth a few minutes of your time.

When it comes to financial planning, I will spare you the boring details about the importance of having a plan in place for the unexpected, using products and strategies like Umbrealla Policies, Life Insurance, Wills, Trusts, Estate Planning, Disability Insurance, Long-Term Care Insurance. etc.

In the past I might have boasted about how well-versed and experienced I was with helping my clients design and create strategies to protect my clients, and my own family, against the unexpected.  But the truth is, my life has been forever changed since I lost my mother on Thanksgiving Day of 2008.

Looking Back…

Since nobody in my family had ever really dealt with losing a “close” family member before, we had no idea what to expect.  In fact, we didn’t know and we didn’t plan for this outcome in any way, simply because we never once thought about – or talked about = being in that situation.

Once my mother became sick, the thought never crossed our minds to talk about what would happen “afterwards”.  Truthfully, in those situations, talking about someone’s death is an unspoken, unlikely, and unacceptable outcome that never crossed your mind.  All you can think about, and all you can talk about, is how they are going to be ok.  They will make it.  Stay strong.  You have loving family, friends, and medical support – all of which will help you get through this.

After she passed, I can vividly remember that feeling of being so confused, uncertain, and disappointed.  Why?  Because I didn’t know what to do next, or who to turn to.  I also remember realizing that I didn’t know the any of the details regarding what my mother would have really wanted with regards to her end of life plans and preferences.  Why?  Because I did not have the courage to ask while she was still alive and healthy.  Once she back sick, it was simply never the right time to discuss death or dying.

Even after almost 5 years now, I still don’t feel comfortable talking about it.   But what I do feel comfortable talking about is what happened after.

What Happens After a Loved One Passes?

My next memory is, right about the time the enormity of the situation was just starting to sink in, we were sitting in a local Funeral Home, surrounded by various types of caskets and cremation urns, reviewing a two-sided legal page (General Price List) which is filled with countless options on how to plan a funeral – all of which probably add up to well over $200,000.

Now please keep in mind that, at that time, the last thing in the world any of us wanted to talk about or think about was planning a funeral and memorial service, much less having to make decisions regarding any of the financial aspects.

Things I Bet You Never Thought About…

Here is a list of some other funeral planning challenges we faced that.  Keep in mind that, like our family, all of these decisions are usually made within a period of a few days, and with little or no education or professional guidance:

  • How do we determine which Funeral Home, Cemetery, or Funeral Director?
  • How do we arrange and notify family members and/or loved ones who live out of town?  Who contacts who?
  • How do we determine exactly what type of memorial service is most appropriate?  Do you celebrate a life?  Do you mourn?
  • Knowing whether there was a preference to be cremated or buried?
  • Choosing among many different types of caskets or urns?
  • Where should the final resting place be for the cremated remains?
  • How should our plans and preferences work with regards to your religion?  Which Church?  Which Priest?
  • Who should be invited, and how do you locate all their names and numbers?
  • Who will pay for these funeral expenses, and how will this be paid for?
  • Who will give a eulogy at the memorial service?  Who will do a reading?
  • What is funeral etiquette with regards to dress, time, date, day?
  • Will there be a gathering after the memorial service?  If so, who should be invited?
  • How do you place an obituary? What should it say?  Who should handle this?
  • Do you want to request funeral flowers or donations?
  • Choosing among pictures, funeral music, videos, and much, much more…

 

It is Time For Change…

They say “everything happens for a reason“.  Well, even though I believe there is never a valid “reason” to lose a loved one, I can say that this experience has opened my eyes to a lot of things that have previously gone unnoticed.   And as time passes, the one thing in particular that is becoming crystal clear is the fact people and families need to prepare their end of life plans and preferences in advance.

In all my years of financial education and training, I have never once heard someone so much as talk about how to help the families we serve by encouraging them to create an end of life plan.

Well my friends, it is time for change.  Maybe losing my mother is the “reason” and inspiration behind my serious movement to help families make a difficult situation easier.

So from this day forward, I will be seeking the help the finest associations, organizations, and people in the funeral and financial planning industries.  Along with their help, I am going to be speaking loudly, boldly, and clearly, about the need for change when it comes to financial, retirement, and estate planning.  There is a missing piece to the financial puzzle that needs to be fixed, which is helping families Create an End of Life Celebration Plan.

How to Create Your End of Life Celebration Plan…

Below is a link to four guides I have put together that will help you learn more about how to create your End of Life Celebration Plan:

 
In the financial planning industry, it is very rare that a financial advisor can use the word “guarantee“.   And usually the word “guarantee” needs to be accompanied by a prospectus and/or extensive legal disclaimers, documents, and details.

However, when you look at this from a real-life experience like I now can, financial advisors actually have something that we can guarantee every client – which is the fact that some day you will die.  Regrettably, this may happen much sooner than anyone could ever imagine or plan.  But regardless of the timing, some day your life will end.  So begins the two all-important questions…

We All Have Two Choices…

1.  Continue to Do Nothing

Do not plan for this guaranteed outcome in any way.  After reading this article, you are well aware of the fact that you will be leaving your family behind to unnecessarily suffer through a tremendous amount of difficult emotional and financial decisions, during an extremely difficult time, in addition to coping with their grief and loss over your death.

2.  Pre-arrange and/or Pre-Pay Today…

Set aside the time, put in the effort, and create your End of Life Celebration plan that you would want – and that your family deserves.  If you are ready to take this step, here are some easy options:

1.  Call (800) 379-2511 to speak with a Licensed Funeral Counselor
2.  Email me at info@funeralresources.com
3.  Visit this page www.funeralreosurces.com/funeral-help
4.  Complete this easy 10 question survey in about a minute:  www.funeralresources.com/funeral-help-survey

My Mission Going Forward…

My passion is to take this personal experience, learn from it, and turn it into a positive experience through helping other families make a difficult situation easier.  Helping families become more educated, empowered, and most importantly, more prepared.  My hope and prayer is that I can make my mother very proud one day.  I pray that some day she looks down and sees that her never-ending selfless love and legacy will live forever, and that her death has become an inspiration to help others.

Preplanning is Not Fun or Easy…

Like many of the best things in life, nothing good comes easy. So as you would expect, talking about. thinking about, and planning about death and dying is not fun.  However, a legendary football coach Vince Lombardi once said;

“The difference between failure and success is largely determined by the
amount of time and preparation put into planning for the future.”

A Gift You Give – and Receive…

After all, what better gift can you leave your family than showing them that you selflessly made time, took that extra step, and sacrificed a small part of your life to show how much you love them. Imagine knowing that one of the last memories you leave behind is that your family knew that you did everything possible to make their lives better.  What memory could be better?

After sharing my own personal experience, I hope you can see that this kind of unselfish love actually provides you a huge gift too, and that gift is called peace of mind.

Lastly, I hope watching this video helps too…

Christopher P. Hill, Founder
www.funeralresources.com