Illinois Burial Insurance – Protecting your Assets

November 22, 2011 Category: Life & Long Term Care

Life moves fast and often, there isn’t time to think of much else than the present. However, have you stopped to consider how your loved ones will pay for your funeral expenses in the event you pass on? These days, even the most understated burial arrangement can cost thousands of dollars. Are you prepared to have your family shoulder this responsibility?

It’s certainly not a topic that’s enjoyable to think about, nevertheless, it’s one that requires your attention if you want to make certain that your family is not burdened with the expenses of putting you to rest.

Consider Illinois burial insurance and rest assured that you are taking steps to protect your loved ones from the financial burden of your death in their time of sorrow. 

What is Burial Insurance? 

Burial insurance, also called Final Expense Insurance, is a type of insurance policy that helps cover the cost of your funeral and other related final expenses. It is permanent coverage that will last until the end of your life. Generally, there is no health exam and you can still get coverage with pre-existing conditions and other health issues. Every person is different and therefore there are no standardized policies. Depending on what you would like to cover, your policy may be very different from someone else’s. However, once you have an agreed upon premium, the amount never changes. 

Coverage

In Illinois, the typical burial insurance plan covers between $5,000 and $50,000. Again, policies are customizable and based on the insured age and specific needs. In most cases, funds are used to pay for the burial plot, burial procedure, casket or urn, flowers, hearse and head stone expense. In some cases, funds may even be used to settle debt. 

Features

Generally, this type of  insurance is relatively easy to qualify for. In most cases, there is a simple application process involving a short questionnaire. Some policies accumulate a small cash value. However, it is not similar to life insurance and not relative to the amount you have paid in premiums. With all burial insurance, the premium is fixed for the life of the policy and protection is provided until the age of 100.

 Benefits

In addition to securing financial peace of mind for your family in their greatest time of need, burial insurance can give you the flexibility to make preparations ahead of time. In other words, if you are insured, you can choose your funeral home in advance and have confidence that things are in order for your family. Illinois Final Expense Insurance may be the right choice for you and your family simply because in most cases, the funds can be released in 24 hours. As opposed to life insurance, where you can wait several weeks for payment, burial insurance ensures that the funds are available immediately to make certain that your final arrangements are taken care of properly. 

While no one likes to think about end of life arrangements, planning ahead of time can make what is already a very difficult time for family and friends much easier. In addition to securing your funeral expenses and burial arrangements, Final Expense Insurance can protect your loved ones from the burden of any unpaid debt that was left behind. Consider Illinois burial insurance and give your family the protection they need when you are no longer able to.

To receive a free no obligation quote for illinois burial insurance visit our site www.ssiinsure.com