Paying for a Funeral
Understanding Life Insurance
When planning for end-of-life, life insurance and its associated products including whole life insurance, term life insurance, and final expense insurance are products that you come across often. Unless you are a licensed insurance agent specializing in life insurance, it is easy to get confused and overwhelmed by the variety of ...
Continue ReadingWhat is Funeral Pre-Need?
“Pre-Need” is short for a “pre-need funeral contract,” a contract originating at a funeral home or cemetery with prepayment for selected goods and services. Pre-need is a particular type of funeral pre-planning where an individual works directly with a specific funeral home or cemetery to price out and pre-purchase funeral ...
Continue ReadingPayable On Death Bank Accounts
What are Payable On Death Bank Accounts A Payable on Death (POD) bank account, also called a “Totten Trust”, is a sort of joint account setup with the intent of directly transferring financial assets to a beneficiary upon the death of the [primary] account holder. This can be an important ...
Continue ReadingCOVID-19 Funeral Assistance From FEMA
FEMA, the Federal Emergency Management Agency, has announced that they are now providing financial assistance for COVID-19 related funeral expenses incurred after January 20, 2020. The funds were approved under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and the American Rescue Plan Act of 2021. COVID-19 Financial Assistance ...
Continue ReadingWhat Is Burial Insurance and Do You Need It
What is Burial Insurance? ‘Burial insurance’ and ‘funeral insurance’ are other names for ‘final expense’ insurance. Final expense insurance is a form of whole life insurance that has a low face value, issuing a death benefit ranging from $1,000-$50,000 with the intention of covering funeral expenses - be it for ...
Continue ReadingA buried problem at country’s top funeral home chain?
BY AIMEE PICCHI, UPDATED ON: MARCH 7, 2017 / 1:20 PM / MONEYWATCH Families dealing with the death of a loved one are often struggling with a range of bereavement issues. The pain of getting overcharged by a funeral home may only add to their grief. Rates and price disclosures from Service ...
Continue Reading8 Steps to Picking A Funeral Home
There are nearly 20,000 funeral homes in the US alone, which can make picking the one that perfectly matches your family’s needs difficult. If you’re not careful, you could end up paying thousands for a funeral ceremony that could’ve cost much less elsewhere. But if you thoroughly research all your ...
Continue Reading“How Would You Like to Be Buried?” Having a Difficult Conversation With Your Spouse
While many of us have some idea of what we’d like to happen when we die, talking about it can be difficult. And when it comes to discussing funerals, burials, and other related topics, spouses may find those final stages challenging to consider. Fortunately, there are ways to approach this ...
Continue ReadingCrime Victims Assistance and Compensation
Planning a funeral can be stressful, especially if the death was unexpected. Deaths that result from any variation of homicide may qualify you or your family for Crime Victim Assistance and Compensation. The loss of income, the cost of the funeral, and even the expenses for counseling may be covered ...
Continue ReadingPaying for a Funeral with Auto Insurance Coverage
When faced with a devastating loss, the pressure of locating funeral and burial funds can wreak havoc and stress on newly bereaved families. There are many steps you can take to alleviate some of the costs; from foregoing a wake in favor of a direct burial or cremation and hosting ...
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