Burial Insurance in Aurora, Belvidere, Elgin, Joliet, Rockford, IL, and the Surrounding Areas
Dealing with final expenses of a loved one in Aurora, Belvidere, Elgin, Joliet, Rockford, IL, and the surrounding areas can be surprising to many for the amount of the costs. Because of these costs, and the fact that they all hit at once, there is an option for burial insurance from Medicare and Prescription Services that more and more are looking into. Funeral costs often surprise people because they are higher than they imagined they would be, and this can be a big strain for families to deal with. Burial insurance provides the needed funds to cover most or all of these costs, leaving your family less to deal with in the wake of your passing. Burial insurance is usually for an amount that is lower than traditional life insurance, as the point of burial insurance is to just cover the costs of the funeral expenses. Contact us today to learn more about helping your loved ones deal with the final expenses with burial insurance.
What Sorts of Things Is Burial Insurance Used For
Just like each person is unique, the funeral for each person will also be unique. This means that the expenses for a funeral will not be the same as it is for other people, even within the same family. Burial insurance proceeds can be used for things like cremation costs, cost of burial, costs of a service, outstanding debts, medical bills, legal costs, and more. The beneficiaries will have the discretion to be able to use the funds in the best possible manner.
Burial insurance differs from life insurance significantly in the amount of the policy itself. Most burial insurance policies run between $5,000 and $40,000 payouts, where life insurance is usually several times higher than these figures. While life insurance can be used for burial expenses, it is often utilized in different ways, including as an investment that provides annual returns to make up for a lost income.
Avoid Depleting Savings With a Funeral
The cost of getting burial insurance is quite inexpensive, and usually doesn’t involve any medical exams in order to qualify. Because it is a small monthly expense, burial insurance makes it possible to keep your family from having to deal with unexpected funeral costs, depleting savings that would otherwise be used for other obligations. Burial insurance can also help to ensure that an accompanying life insurance policy will not be reduced and can be used how it was intended as well.
With the average funeral coming close to $10,000 in Aurora, Belvidere, Elgin, Joliet, Rockford, IL, and the surrounding areas, it makes sense to offset these large one-time expenses with a burial insurance policy from Medicare and Prescription Services. We will help you to compare plans from different insurance companies, as well as to settle on a policy amount. Contact us today to discuss adding this important peace of mind.