- What is Pre-Need Planning?
- What Does Pre-Need Planning involve?
- I would like to do Pre-Need Planning, but what if I move?
- How much do funerals cost?
- Why Should I Use Pre-Need Life Insurance to pay for My Funeral?
- Do I need to pass a physical?
- How do I get started with my prearrangements?
- What if I change my mind about my arrangements?
- Are my funeral funds safe when I prepay?
- What if you haven't answered my question here?
Pre-Need planning (prearrangement) is planning a funeral before the time of death. It is an important part of your estate and retirement planning. Without this prearrangement, the details of the funeral are left to a group of family members who may have little warning or time to plan this major life event. Pre-Need planning relieves your family of that responsibility. You are able to leave detailed instructions about your desires and wishes. Prearrangement gives peace of mind to both you and your family.
You can prearrange your service details such as:
- The Funeral or Memorial Event of your Choice
- Place of the service
- Service participants
- Scripture or poetry readings
- Music selections
- Casket selection
- Funeral director's services
- Flower selections
- Casket bearers
- Cremation with memorial service
- And much more
Because of the flexible nature of preneed contracts, your preferences for prearrangement may be transferred at any time in the event you move. These insurance contracts are portable; they go with you if you move. It is one of the great reasons to buy Pre-Need Insurance. The funeral homes we work with can recommend a reputable funeral home in your new community if you do move.
The National Funeral Directors Association (NFDA) states that the average funeral costs roughly $7,000. However this doesn’t include cash items that aren't always purchased through the funeral home such as grave opening and closing, vault and cemetery property, flowers, clergy honorariums, obituaries and death certificates which may add several thousand dollars to the cost of a funeral. The cost really does depend on the choices and type of arrangements your family chooses.
By prearranging you can alleviate the final cost of funeral services for your family, protecting them from overspending during a difficult emotional time. It will also allow you to pay for your arrangements in either a lump sum or in monthly installments. Additionally, it may also provide the added protection of life insurance in the case of a premature death.
Not all funeral contracts come with life insurance coverage, but with a few health qualifications, you can add an extra layer of protection to your funeral plans by going with a Pre-Need Insurance policy. This protects you and your family in two important ways: First, with life insurance, if something were to happen to you before you paid for your arrangements in full, the life insurance policy would step in and pay the balance due on your arrangements. Second, if you live a long time or have to spend the last years of your life in a care facility, and you end up on Medicaid, your Pre-Need Insurance policy will still pay for your funeral, even if your personal funds have been depleted.
No. We do, however, ask you to answer questions about your health to determine which product is best for you. If you are in good health, you may qualify for full insurance coverage. If you have experienced some health problems, but are not terminally ill, you may qualify for graded benefit insurance, which will provide limited coverage for the first two years of your contract and 100% coverage thereafter. In other cases there are plans that allow you to make payments, and produce growth over time, which provides the peace of mind knowing your wishes will be carried out.
YourNLI is based on serving families. The funeral homes we work with will respect your wishes and strive to meet any special needs and requests from you and your family, whether planning ahead or at the time of need. You can always adapt plans to meet your changing needs or desires.
Absolutely. At YourNLI we work with only the best Pre-Need Insurance Company, FDLIC. When you prepay through FDLIC you can rest assured knowing that your funds are safe and secure. FDLIC has a strong commitment to service, which includes a dedication to being there for their policy holders when they need them. FDLIC is rated A- "Excellent" by A.M. Best Company, the leading provider of ratings for insurance companies worldwide. This rating reflects FDLIC's financial stability and ability to repay claims.