Pre-Need Insurance: A Smart Investment for Your Future
Pre-Need Insurance gives your family to mourn peacefully instead of worrying how to pay for funeral costs.
As we grow older, we start to realize the importance of planning for our future. One way to ensure that we and our loved ones are financially secure in the event of our passing is by investing in pre-need insurance. This is a type of life insurance that covers funeral expenses and other end-of-life costs. In this article, we will discuss why pre-need insurance is needed, its pros and cons, and who the ideal target is.
Why is pre-need insurance needed?
Many people underestimate the cost of funeral expenses, which can range from $7,000 to $10,000 or more depending on the location and services chosen. This can be a significant financial burden on surviving family members, especially if they do not have the funds readily available. Pre-need insurance can alleviate this burden by providing the funds needed to cover these expenses.
Another reason why pre-need insurance is needed is that it allows for pre-planning and decision-making. When a loved one passes away, their family members are often left to make important decisions quickly and under emotional distress. Pre-need insurance allows for pre-planning and decision-making, which can help ease the burden on family members during this difficult time.
PROS:
Pre-need insurance guarantees that funeral expenses will be covered, regardless of inflation or rising costs.
Pre-planning allows for decision-making and lessens the burden on surviving family members.
This insurance type can be paid in installments, making it more affordable and accessible.
Provides peace of mind, knowing that end-of-life expenses are taken care of.
CONS:
Pre-need insurance may not cover all end-of-life expenses, such as outstanding medical bills.
If the policyholder changes their mind or passes away before completing payments, the policy may be forfeited.
This may not offer as much flexibility as other types of life insurance policies.
If the funeral expenses are less than the policy amount, the excess funds may not be returned.
Who should consider pre-need insurance and why?
This type of final insurance is ideal for individuals who want to ensure that their end-of-life expenses are taken care of and who want to ease the burden on their loved ones. It is especially beneficial for those who do not have the funds readily available to cover funeral expenses. Pre-need insurance is also a good option for individuals who want to pre-plan and make decisions regarding their end-of-life arrangements.
Our Pre-Need experts can help guide you on this pivotal stage of your life. Don’t wait – Call now for a FREE QUOTE! (954) 263-0513
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About Pivotal Life Insurance
Pivotal Life Insurance is a family owned, independent insurance agency that focuses on income protection and family security through Life Insurance products (Term Life, Whole Life, Final Expense), Mortgage Protection and Annuities. With a range of product offerings, we accommodate the varying needs of our clients through resources provided by the nation’s top rated carriers. Although we are headquartered in South Florida with a branch in Maryland, we service most of the United States as our agents are licensed throughout the country. Pivotal Life Insurance is one of the fastest-growing agencies and we pride ourselves in putting you, our customers, first.
Insurance Is Pivotal. Cherish what’s important.
For more information or if you’d like to join the Pivotal family, visit www.insuranceispivotal.com or call at 561-412-5500.