Senior Life Insurance and pre-paid funeral

The biggest advantage to buying life insurance is the extra money. Not only are you able to provide your family with the necessary funds to cover your funeral expenses, but you also are able to leave loved ones with extra money to live on. Secondly, a life insurance policy provides your family with one lump sum check of tax free money! Life insurance is usually more affordable than a prepaid plan, especially if you’re in good health. Finally, there are a variety of flexible payment options associated with life insurance compared to a pre-paid funeral plan. Each life insurance policy is tailored for the insured and therefore provides options like multiple beneficiaries and flexible amounts of coverage rather than only getting the same few choices as everyone else at a funeral home.

The most important disadvantage of buying a prepaid funeral plan is that you HAVE to use the money on the funeral because you are paying the funeral home. This goes hand in hand with another big concern, which is if you move out of state. Funeral homes often times will not refund you the money spent on a plan, so instead of buying an insurance solution to allow your family to pay for your funeral, you simply lose your money invested or force your family to pay even more burial costs for transportation. The final problem associated with a burial policy is as many people start to get older, they change their mind on being buried and often times want to be cremated out to sea. Just like you if want to switch funeral homes, you usually can’t get all of your money back. There are too many unexpected things that could happen in the future to rely solely on a prepaid funeral plan.

Call Mintco Financial Indpendent Advisors for a free quote. We are independent financial advisors.

Independent Advisors has the ability to compare price, product, and service to insure the best life insurance quotes.

The final benefit is that an independent agent has the ability to apply to multiple companies in case one insurer won’t write the policy. There are times when a client applies to multiple carriers and receives multiple rates that are not similar.

Call us now at 813-964-7100 or fill the quote:

http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/