Preneed Insurance Policy

A preneed insurance policy is a simple life insurance policy intended to cover the funeral or cremation expenses listed in your preneed contract. This can include goods, services and merchandise. The benefit from the policy is payable directly to the funeral home upon your death. Since the funeral home is paid directly, you may prefer this type of policy in order to minimize the obligation for your family to pay for your funeral up front and make the process easier on them at the time of your death.

Benefits of a Preneed Insurance Policy

• removes emotional as well as financial burden on your family
  
• allows you to control your own celebration
  
• organizes family data
  
• shows sense of responsibility for family by making decisions
  
• sets aside funds to help remove unexpected financial burden
  
• no income tax liability on financial growth
  
• provides an irrevocable contract for Medicaid/SSI spend downs
  
• simple underwriting
  
• easy and rapid claim service
  
• portable coverage; allowing you to move the coverage as need during your lifetime