Death is not something to be afraid of; everyone has to face it and it will come when it comes. We usually do not know when death is going to come. Death decides when it wants to come, whether it is a steamy August afternoon or a bitter February morning. People usually begin to think about death during these cold, long, dreary days. In the past week alone, I have fielded 3 different calls about death and funeral insurance.
According to the AARP, funerals are among the most expensive purchases that older people make. Funeral costs are continually rising. The cost of a traditional funeral, from service to internment, can easily cost in the rand of $8,000 to $10,000. You pay for insurance for your car valued at $10,000, why not purchase coverage for your funeral. The other convenient aspect about this coverage is that it gives you the opportunity to plan your own funeral. Death can be a very difficult time for the family, and the stress of planning a funeral, and deciding what you would have wanted can be a point of frustration and contention. Essentially, with this insurance, you have pre-paid for the arrangements and those who are grieving only have to follow the plan as it is laid out.
Now is as good a time as any to begin to think about these arrangements, or discuss the idea with your parents. I know my parents aren’t out their reading my blog!
While we do not write this specific type of coverage, you can certainly discuss any questions you may have and point you in the direction of the appropriate providers to assist with planning and coverage.