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By: Scott Romelfanger

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Friday, 28-Sep-2012 18:17 Email | Share | Bookmark
Do Not Be Misled By Funeral Insurance Policies

Getting funeral insurance is without any doubt the responsible thing to do for people who are concerned about leaving their family with funeral costs once they die. Many people do not take into consideration that funeral costs are high and leave their loved ones with the financial burden of paying for these costs. The casket must be paid for, the cemetery plot and also the undertakers for carrying out most of the burial services and additionally the deceased's loved ones would usually provide tea and snack foods for the memorial service guests.

How does one go about purchasing funeral insurance? For more information on funeral cover, go to

The various insurance institutions will have a selection of the different sorts of funeral insurance and life policies which you can select from.

Fundamentally you can figure out which policy is best for you by looking to see just what the monthly premiums are on each of the numerous policies. Depending on what you can afford to spend every month or which expenses you would like the insurance company to pay for you will select the policy.

Exactly what does funeral insurance cover?

Well just like any product which you buy, you get benefits in accordance with that which you purchase, even though the basics of funeral cover is to pay for all of the costs with regards to your funeral. If you can only pay for a standard casket and you pay money for that then it is precisely what you will get.

Things to be aware of when purchasing an insurance policy

Unfortunately some insurance providers work in under handed ways relating to insurance coverage, particularly funeral insurance plans, after all when the insured individual is no longer around it is easier for them to take liberties. That's why as the policy holder it is so essential that you read your contract thoroughly an be sure that you're absolutely clear on these next points.

o When one purchases a funeral insurance plan you are purchasing it for a specific amount. You pay off this sum each month in the form of premiums. When you have repaid the policy in full how sure are you that you will be able to get back whatever additional cash is paid to the insurance company? This is something which must be researched before you buy funeral insurance as some insurance businesses have a no cancellation clause.

o Be certain to check who your beneficiaries are. If there is cash left over after the funeral home has paid for your expenses be sure that the named beneficiary of any outstanding money is not that of the funeral home or the funeral director.

o Verify what the companies policy is on inflation. Many times relatives need to pay extra money to cover inflation over the years. Make certain that the cost of inflation is calculated into the price of your insurance policy so that there are no surprises left for your loved ones.

These are just a few of the pointers you should take into account when buying funeral insurance.

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