Pre-Need Funeral Insurance

Pre need funeral insurance is a single premium life insurance policy, from which the death benefit is used to pay the predetermined expenses of the insured’s funeral.

The funeral home agrees to provide the funeral in exchange for the death benefits form the life insurance policy.

In addition to pre-need funeral plans there are funeral insurance policies that pay your beneficiary (instead of the funeral home) the death benefit from your life insurance policy.

That way, your beneficiary can use the proceeds from your funeral insurance policy to pay for your funeral costs, as well as, anything else, like paying off medical bills, credit cards, house payments, or maybe any other expenses related to your funeral and burial costs.

What is Termfinder?

If you're looking for life insurance on the internet you may have heard about Termfinder.

Termfinder is an online life insurance quote provider which has a network of highly-rated insurance companies.

With Termfinder you can request and compare instant life insurance price comparisons to help you quickly and easily find the most affordable life insurance protection for your family.

Get a Free Quote for Life Insurance

How does it work?

You just visit their site and answer some basic questions to receive your instant quotes for life insurance.

Your life insurance quotes will show you the names of the insurers and their financial strength stings, the prices offered and the amount of coverage quoted.

Termfinder has licensed life insurance representatives who can assist you with the entire process of purchasing your life insurance coverage and answer any questions you may have regarding life insurance.

Here's how you can learn more and request your Termfinder life insurance quotes online.

Universal Life Insurance Explained

While many people like the simplicity and low cost of a term life insurance policy, others are looking for something more that adds additional flexibility and an investment feature.

For many of those life insurance shoppers the answer may be a universal life insurance policy.

Universal life provides a flexible premium and an adjustable death benefit that builds value over time.

The flexibility of the universal life policy means that the policyholder is free to change the amount of life insurance coverage to match his or her needs, making it easy to adjust the life insurance policy as life events change over time.

Learn more and get a quote for universal life insurance

What is the Most Affordable Type of Life Insurance?

While the most affordable type of life insurance coverage will vary from individual to individual, for the most part term life insurance tends to be much less expensive than other popular types of life insurance policies.

Term life insurance is meant to provide a death benefit – and only a death benefit – and it is one of the least complicated types of life insurance policies out there.

Since there is no investment component, meaning no cash value that builds up inside the policy, the insurance premiums tend to be much lower than similar whole life insurance policies, and cost conscious insurance shoppers should definitely take a look at term life.

Compare Term Life Insurance Quotes

You may find that whole life insurance costs at least 2 to 3 times more than the same amount of term life insurance coverage.

However, keep in mind, term life is temporary, for a period of up to 30 years of coverage, while whole life provides lifetime coverage.

If you need the most life insurance, at the lowest price, for up to 30 years, then term life insurance provides the most affordable coverage.

Here's how to compare affordable term life insurance quotes online from leading insurers.

How to Select The Best Life Insurance Company?

How do I choose the right life insurance company?

If you're shopping for the best life insurance company there are several things you'll want to consider.

1. What is the financial strength rating of the insurance company?

2. How long has the insurer been in business?

3. How large is the insurance company?

4. Does the insurer have a history of paying claims in a timely manner?

5. How does the insurer's pricing compare to other insurance companies?

These are just a few of the most important issues to consider when selecting your life insurance company.

Here's a list of factors to consider when choosing a life insurance company.

How Do I Know Which Type of Life Insurance to Buy?

Unfortunately there is no one right answer that applies to everyone in need of life insurance.

The right type of life insurance policy for you will depend on a number of factors, including your age and health, the nature and amount of your household’s living expenses and more.

You'll want to consider the amount of life insurance you need and for what period of time - what are you trying to accomplish with your life insurance? Then, consider how much you can afford to spend on your policy.

It is important for you to consider your own individual circumstances and determine which type of coverage is best suited to meet your needs.

Some people may enjoy the investment element that comes with a whole life insurance policy, while others will opt for less expensive term life insurance. Whole life builds cash value inside the policy over the years you are insured, while term life is pure life insurance protection with no cash value.

Buying life insurance is a serious matter, and it is important to shop around and compare life insurance policies carefully so you find the most affordable plan from a financially secure insurance carrier.

Here's how you can compare term life insurance versus permanent life insurance coverage.

What is the Benefit of a Mortgage Insurance Policy?

The benefit of a mortgage life insurance is that in the event of the death of the policyholder, your family will receive benefits to pay off the mortgage on your home.

By providing your family with mortgage insurance protection you make sure they can remain in the home they shared with you should you die.

In addition, mortgage insurance gives you peace of mind knowing your family will be protected and have a home in case you pass away.

You can choose mortgage insurance for a term (duration) that matches the length of your home mortgage, from 10 to 30 years.

In addition, you'll want to select an amount of mortgage insurance that matches the amount outstanding on your home mortgage loan so enough money is provided to payoff the loan in full.

Learn more about the benefits of mortgage insurance

What does Term Life Insurance Cover?

Term life insurance provides death benefits to the named beneficiaries of your life insurance policyholder. People typically buy a term life insurance policy to cover living expenses for their families, as well as large expenses like a mortgage loan or college tuition, in the event that the insured person passes away during a specified term of up to 30 years. Sometimes people buy just enough term life insurance to cover end of life expenses including burial and funeral costs.

When you buy a term life insurance policy, you select a term (duration), such as 10, 15, 20 or 30 years, and an amount of life insurance coverage, typically ranging from $25,000 up to as much as $1,000,000 dollars or more.

The expenses you want your term life insurance to cover should help you determine the amount of life insurance you purchase. For example, you might want to factor in your family's anticipated future expenses, including:

1. Estimate your family’s annual living costs including housing, insurance, utilities, etc.

2. Add any anticipated costs your family will face in the future. For example, if you know the family car will need to be replaced within a few years, you could add the cost of a new vehicle.

3. Calculate the amount it would cost to pay off your home mortgage loan.

4.If your children are still in school, add the cost of their college education, in addition to the cost of their annual activities including sports and music lessons, etc.

5. You may even want to include the anticipated costs of your children's weddings among major financial expenditures you can foresee in your family's future.

Once you add up the total expenses you want your term life insurance policy to cover, you can then deduct any assets, such as savings and investments, that would also help to cover those costs to help you arrive at an appropriate amount of life insurance needed to adequately protect your family.

Here is a term life insurance needs calculator to assist you in deterring an accurate amount of term life insurance coverage to buy.

Compare Term Life Insurance Quotes

How Do I Know If I Need Life Insurance?

If someone will suffer financially when you die; such as a relative or spouse, chances are you need life insurance.

Ask yourself, if you died tomorrow, how would it affect your loved ones financially, and how would they get by without you?

Life insurance provides a tax-free cash payment to your beneficiaries after your death. They can use this money as they see fit.

If you are older, your focus might be providing money so your funeral and burial costs, medical and credit card bills, taxes, debts, lawyers’ fees and other final expenses won’t be a burden left to your family.

If you are in your working years, you’ll also want to consider how your family would meet ongoing living expenses without your income. Where would the money come from to pay for the rent or your home mortgage, food, clothing, utilities, transportation, healthcare, etc.? Without your financial contribution to the household, would your surviving spouse be able to save enough money to put the kids through college or retire comfortably?

The fact is, the death of a loved one is tragic enough, without being compounded by financial difficulties. Life insurance helps make sure the people you care about will be provided for financially, if you are no longer there to care for them yourself.

Get a Free Life Insurance Quote

Are you Uninsurable for Life Insurance?

Are people ever considered uninsurable by life insurance companies?

Some life insurance companies may rate certain individuals as uninsurable. These are people that the life insurance company believes will probably suffer an early and fairly immediate death, those with a short life expectancy.

However, just because one insurance company deems a person to be uninsurable does not mean that another insurer will decide the same.

Health Classifications vary from life insurance company to company based on different forms of criteria.

If you are denied several life insurance coverage times by several different insurance companies, then you may want to consider investing in a guaranteed issue life insurance policy.

Guaranteed issue life insurance coverage means you cannot be turned down for coverage due to any health problems. As long as you meet the age requirements, you can get insured for life insurance.