Preneed Funeral Insurance
You usually don’t grasp how expensive and overwhelming it can be to plan a funeral until you lose a loved one. That’s when you face questions like, “What were my loved one’s wishes?” and “How am I going to pay the funeral expenses?”
It’s then that you realize you want to do things differently. You want to alleviate the financial burden and minimize difficult decisions for your family while they’re grieving. An easy way to do that is with a Preneed Funeral insurance plan.
What is Preneed Funeral insurance?
Preneed insurance is used to fund a funeral service agreement between you and a funeral home. You decide every element you want included in your funeral service, which includes everything from the casket to flowers to transportation for the family. The funeral home director totals the costs, and that amount is the basis for your Preneed insurance plan. You can either pay the amount in one installment or through monthly premiums. Upon your death, the funds are used to pay the funeral home for your funeral.
Why do you need Preneed Funeral Insurance?
Over time, inflation will likely cause funeral costs to increase, but a funeral contract combined with a Preneed insurance plan can offset inflation for the items and services you include in your policy.
Preplanning also allows you time to understand the process and make clear choices that are right for you. You can decide if you want an in-ground burial or cremation, select a casket or urn, and even arrange for items incidental to the ceremony. Best of all, prearranging everything with a funeral home makes the entire process easier for your family. Your wishes are spelled out clearly, so it eliminates all the guesswork. They will not need to wonder what kind of service you wanted or whether you desired a burial or cremation. Every detail will be outlined in advance, so they won’t be overwhelmed with choices while grieving.
How our Preneed Funeral insurance plan stands out
Great Western Insurance Company’s Preneed insurance plans are specifically designed to keep pace with an ever-changing funeral market. We provide two Preneed Funeral insurance plans — Course and Voyage — that offer a variety of payment plans to meet your needs. Your premiums will never be increased, and your policy will never be discontinued as long as the premiums are paid on time. Your health may dictate which plan you qualify for, but you won’t be denied a policy based upon poor health.
Both of our Preneed insurance plans offer a free, 30-day look and are transferable to a different funeral home if you move from the area. Most mortuaries or funeral homes are willing to honor the commitments and pricing of the previous funeral home. Your Preneed insurance policy may be irrevocably assigned to preserve the option to obtain government financial assistance in the future. This is dependent on the laws in your state.
To learn which Preneed Funeral insurance plan is right for you, contact your state’s regional manager in the list below to connect with a Preneed agent in your area.
Photo credit: Aldo Murillo