The Best Insurance Purchase You Will Ever Make
August 11, 2022
The storm passes and we are once again caught up in our love/hate relationship with insurance. Typically, we pay and pay and then we pray we don’t ever need to file a claim. No one wants to have their house burn down or blow away. But, it is also hard to write that check every month. Most folks do so because they are afraid not to.
However, there is one kind of insurance you will absolutely use. You’ll get more than you paid in, and you don’t have to pay endlessly.
Funeral insurance, not to be confused with final expense insurance, is the rare insurance product designed to cover a cost that you absolutely will incur. We all die in the end. So, how does it work?
Funeral insurance is sold through your funeral home. The amount of the insurance matches the cost of your funeral in today’s dollars. It can be paid in one payment and you are done. Or, you can pay over three to 20 years and be covered for the whole cost of your funeral while you pay.
It’s easy to find out more. Just call the funeral home and ask to speak to someone in the advance planning department. You will want to set aside one to two hours for your meeting with the advance planner. You will have questions. Remember to ask how funeral insurance is different from final expense insurance.
Schrader, Aragon & Jacoby has been serving the Cheyenne, Wyoming community for over 90 years. Their caring and professional funeral directors are ready to assist families with the arrangement of funeral, burial, memorial and cremation services. They are proud to be locally owned and operated, participating in the community and giving back to the neighbors and friends who support them.
Three hundred and sixty five days a year, twenty-four hours a day, rain or shine, hot or cold, from the year 1776 to present day, they’re serving our country. They are our veterans and November 11th is the official day that we honor and thank them each year.
So what can you do to show your appreciation? Here are a few ideas:
It’s a question we all hear almost every day. “Hi, how are you?” But it has a different feel when you have recently lost someone you love. It just feels heavier. So how do you deal with that question?
It may be tempting to just sort of brush it off saying something along the lines of, “Oh, I’m fine” or “I’m doing ok.” It’s easy to go back into before your loss mode. But, are you fine? How do you get back to being truly fine?
Read this blog even though you don’t want to. Especially if you or your parent is over 65 or living alone. Age Associated Financial Vulnerability is a real thing and it affects intelligent, independent people. The Consumer Financial Protection Bureau puts the cost of elder financial exploitation as high as $36 billion a year.
“I was very surprised at my reaction. Seeing John in his casket wasn’t something I was looking forward to. His daughter (from his first marriage) really wanted an open casket. So, I agreed. Mostly just to remain on good terms with my stepdaughter. He looked so peaceful. He had a Mona Lisa smile. I am so glad I didn’t stick to what he and I had talked about. The opportunity for that last good good-bye ended up meaning the world to me… and his daughter.”
A husband and father of four dies suddenly. He languishes in the morgue at the coroner’s office for weeks because no one knows what to do and no one is empowered to act. The only thing the kids and grandchildren can agree on is that their father did not want to spend a lot of money on a funeral.
Every year on June 6, we recognize the anniversary of the Normandy Invasion during World War II. The invasion by the Allied Forces established a foothold on the shores of France; and was the start of the Allied advance into the interior which eventually lead to victory in Europe and liberty for the millions of people living under the tyranny of Adolf Hitler. The costly battle was the most important allied victory in the second world war.
What is embalming?
Embalming is the art of slowing the decomposition of the human body. The embalming process is carried out in a clean environment, and proceeds in a fashion similar to medical procedures.
Funerals, like everything from paper towels to cars, come in cheap and expensive. It’s not as easy as you might think to figure out what qualifies as cheap when it comes to funerals. This is due, in part, because we don’t all have the same idea of what a “funeral” is. For some folks, a funeral includes a gathering of friends and family the evening before, a trip to the church with the body, a graveside committal service and a luncheon for all attendees following the burial.
Cost is important, but it’s not the whole story. Take a look at the premium, the amount you will pay each month, how long will you pay that amount? It is not uncommon to pay until you are 100 or even older. Will you be able to pay that amount each month as you age? What if you live to be 100? Will the benefit stay in place? How much will you have paid in by that time? It’s not unheard of for people to end up paying more than they will receive in death benefits. Look at the coverage. How much will be paid on your death? Most policies are for a fixed amount your family will receive when you die. This is the death benefit. How soon will you be covered for the full amount? Sometimes you will need to make payments for as long as two years before you would be eligible for the full death benefit. Often the death benefit stays the same over the course of your lifetime. So, as you age and the price of funerals increases, your policy is at risk of falling short and not providing your family with enough to cover the cost of your funeral. Before you sign anything, call your local funeral home. Ask for an appointment with the funeral professional who takes care of advance funeral planning . When you meet with this individual be straight forward. Share your financial situation. See what the funeral home has to offer. Most of the time the funeral home’s funding program is a little more per month but you make payments for a much shorter period of time. So, you pay much less in the long run. If you are in good health you will most likely be covered as soon as the policy is issued. Some funeral homes even offer a cost guarantee which means you have no worries about the rising cost of funerals. It’s always worth the extra time to be sure you are getting the best final expense coverage you can afford. The one that will really be there for your family when it’s needed.
Yesterday, Jane was on duty as a tour guide at a lovely little pre-revolutionary war church in rural Virginia. It was late in the afternoon when a youngish woman wearing shorts and a Cubs ball hat stepped into the visitor’s center looking lost. Thinking that she might need directions, Jane quietly approached to offer her assistance. The seemingly lost young lady said she just wanted to go in the church. Since visitors were not allowed in the church without a docent, Jane began to accompany her guest to her destination. Striking up a conversation, Jane quickly discovered there was a story behind the sad eyes of her visitor. She revealed her name was Stella and she was here from Chicago. The pair talked a bit and Jane started to tell her about the church. As they walked and talked, Jane casually asked, “What brings you to this part of Virginia?” Stella spoke in a soft tone revealing she was here for a “sort of” memorial service for her mother. The pain was obvious on her face with her lips quivering and eyes glistening with small pools of tears. They walked into the church and sat in one of the high back pews carved from pine when George Washington was just three years old. The sun was shining through the wavy glass windows. Jane took Stella’s hands and asked her, “Would you like to tell me a little bit about your mother?” The floodgates opened. She talked for an hour. She told the story that was her Mom. Stella was the single daughter. She had been the caregiver for her mother who died ten months ago. Her brother lived abroad and her sister and her family traveled frequently. Because it was hard to get them together, they all decided to forgo a funeral service and ship Mom’s cremated remains to Virginia for burial. It seemed, at the time, to make more sense to get together later. They agreed on June for the get together since that’s when their family typically came to visit mom and dad in this part of Virginia. They all stayed at a local inn and had dinner at their parent’s favorite restaurant. It was nice, but something was missing. There was no service. No words were spoken for Stella’s mother. It wasn’t enough for her. It was too little and too late. It was obvious to Jane that Stella was distraught. There had been no closure. Jane’s heart broke for her. Still, she couldn’t help but wonder why. Why was there no service? Even something small, private and simple would have been better than nothing. Jane knew some people had a fear of planning a service. They don’t know how to or what to plan. They are at a loss. They should have they called the local funeral home for help. The funeral director could have helped them find someone to pull together a brief ceremony at the graveside or in the chapel. There could have even been a service in the lovely little church where Stella sat and cried with a stranger.
