| As a funeral director I'm often asked by
| |
| | specific funeral and burial expense funds
|
| the public, "do I need burial insurance?"
| |
| | are in the control of your chosen
|
| My stock reply is the usual, "that
| |
| | administrator.
|
| depends." I'm not trying to be
| |
| | Secondly, give thought to the funding
|
| insensitive or cute with my answer, but
| |
| | aspect of your final arrangements. Are
|
| the truth is that it does depend on
| |
| | you satisfied with your current funding
|
| several factors in my opinion, but two
| |
| | (insurance, savings, etc.) to be
|
| most importantly.
| |
| | sufficient and available when that time
|
| I believe two of the most important
| |
| | comes? Is it possible your current
|
| factors are to consider who will make
| |
| | insurance might be needed to settle other
|
| your final plans first, then how will
| |
| | expenses such as medical bills, estate
|
| those plans be funded? Simple questions
| |
| | taxes, etc.? Are you comfortable that
|
| yes, but among those most of us fail to
| |
| | your current insurance or savings will
|
| ask ourselves or give serious thought to.
| |
| | keep pace with funeral inflation costs?
|
| Choosing a person to handle yourfinal
| |
| | If you answered no to any of these
|
| arrangements can be done in reality by
| |
| | questions, then you may want to consider
|
| doing nothing at all. At your death in
| |
| | additional insurance specifically for
|
| most states, lineage will decide who will
| |
| | your final expenses. Tip: Burial
|
| have right of disposition. If no legal
| |
| | insurance policies can be issued in small
|
| descendants are available to handle this
| |
| | amounts to subsidize your existing
|
| duty most counties, townships and/or
| |
| | insurance or larger amounts to cover
|
| states will step in and have the final
| |
| | total funeral and burial costs. In many
|
| disposition done. This will usually be a
| |
| | cases it is also easier to qualify for in
|
| direct burial or cremation as determined
| |
| | older age groups.
|
| by the government body handling it. I
| |
| | Does everyone need burial insurance?
|
| recommend avoiding this possibility by
| |
| | Certainly not, but as a funeral director
|
| selecting a family member or friend to
| |
| | I can tell you that many families I've
|
| entrust with this duty and to make sure
| |
| | assisted were able to honor a loved one's
|
| they have the legal documents necessary
| |
| | wishes only because that person had a
|
| to abide by your wishes. Also, be sure
| |
| | burial insurance policy in force at the
|
| your chosen administrators will have
| |
| | time of their death.
|
| access to final expense funds. Many
| |
| | Take a few minutes and give this some
|
| problems can be avoided by making sure of
| |
| | thought. The attention and consideration
|
| this one thing. Tip: Burial insurance
| |
| | you give these matters now will make a
|
| will in most cases let you designate the
| |
| | tremendous difference for those who
|
| beneficiary. This allows you to make sure
| |
| | eventually will do your final planning.
|
