Sunday, July 25, 2010
Funeral insurance does more than just cover the cost of a funeral. It can also provide an accidental death benefit and up to &15,000 for death by natural causes after 12 months of coverage. It's frustrating that funeral costs continue to rise, because everyone is eventually going to be faced with the reality of funeral expenses, so there's nothing we can do to avoid paying these expenses. Planning a funeral is the final way of saying goodbye to a loved one, and no one wants to be cheap, but what are we supposed to do if we don't have the money to pay for the type of funeral that we want to provide for someone?
Insurance is supposed to help ease our expenses, so it doesn't make sense to pay more for insurance than you would for your expenses. You can find cheap funeral insurance that provides real coverage that will be there when you need it. Make sure you understand what coverage you're getting, because dealing with the loss of a loved one isn't the time to find out that you're not covered due to certain circumstances.
My husband is the main provider for our family, and I only work part-time so I can be home with our kids. If something were to happen to my husband, I wouldn't have enough money to support my children, and if something happened to me, he would have to pay for child care and probably need to hire a housekeeper (since I don't think they realize how much work I do around the house). Real life insurance is a joint plan that covers both partners. You can select individual benefits, and you'll both enjoy peace of mind knowing that you're children will be taken care of.