Before you buy burial insurance take a look at the following 15 quick tips:
- Be aware of your state’s laws regarding burial insurance.
- Discuss your options with members of your family lawyer and find out if it is in tune with your will and estate planning (if any).
- Find out how much death benefit your will receive.
- Before you seal business with a company, make proper research about them. Verify your agent’s license if needed.
- If your state allows any “free look” period, take it.
- Get a written price list of the things available at the funeral homes. They are bound by the FTC laws to do so.
- There is no price guarantee for funerals. Rates may increase later if you do not lock in the prices.
- Don’t do all of these alone. Get help from someone so that you can take better decisions.
- All documents that you accept must be duly signed and properly filled in your presence.
- Make sure that the funeral arrangements can be shifted to any other funeral home as per convenience.
- Find out if there are any extra fees that you will be charged for any service.
- What if the ownership of the cemetery changes? Find out what will happen then.
- Make sure to receive your policy in a timely manner.
- Keep a check on your account and make sure there is as least one statement telling you the status of your account each year.
- Find out your options of canceling a policy, whether you will be reimbursed any money and for what.
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