Finding the best burial insurance for your parents can seem tricky. Approaching the conversation can even be scary. Below, you’ll learn more about how to find the best final expense policy for your parents, and also more about how to talk about this sometimes uncomfortable topic.
In 2020, we have faced several scary situations. The covid-19 pandemic has made many families have to think about life insurance, and final expenses. Something that is often not discussed is now being talked about by nearly everyone. So, how do you help your parents prepare for their final expenses, and how do you talk about final expense insurance with them.
Burial Costs Continue to Rise
Although it seemed for a while that the world stopped turning, it did not. Costs continued to rise, and this includes funeral costs. At a record high, with no slowing down on the horizon, many families are faced with the reality that they may not be able to afford a funeral for a parent or loved one.
Funeral costs do not discriminate. The cause of death is not considered when the bills come in. It is important to know that when the time comes, no matter what, a funeral can be paid for. Final expense insurance can help with the costs of the burial, and other expenses that are incurred after a loved one passes.
Discussing Finding the Best Burial Insurance for Your Parents With Them
Many families have not had the conversation about final expenses. Most of the time, because it seems like a morbid topic. Others do not fee comfortable discussing such issues. However, finding the best burial insurance for your parents requires a conversation to be had.
Do not surprise your parents with the topic. A phone call letting them know that you want to sit down and discuss it is advised. Pick a day when you are not too busy to listen and understand their wishes and concerns. If you are fortunate enough to have two living parents, talk to them together.
Some information you might need will include any outstanding debt they might have. Ask about credit cards, rent or mortgage payments, and other bills that they pay. Also ask them about their wishes for their funeral. Do they prefer an on-site funeral? Or will they want a funeral in a house of worship?
Also, it would help to know about health issues. Is your father diabetic? Does your mother have heart problems? All of this will be asked by an insurance company.
All of these factors need to be taken into account when finding the best burial insurance for your parents.
Purchasing Burial Insurance
Understanding the costs of a funeral and other final expenses will help you understand what your burial insurance policy will cover. Knowing that costs are rising fast, you will want to purchase a plan that is affordable. The best thing about burial insurance is that premiums are usually quite low when compared to other forms of insurance.
Contact a specialist that understands the differences in final expense insurance companies and policies. You will want to know all of your options before making a decision.
Benefit Choice Direct works with several different providers for this reason. We want to help our customers find affordable policies that cover all of their expenses, and also help them to have their final wishes respected.