“I have bad health and I don’t think I will qualify, why should I apply?”
DO NOT assume that you will not qualify for this plan. It is designed for people who have ‘less than perfect’ health and frankly you don’t know if you qualify. We don’t require a medical exam, just a few health questions to find out if this is an option or not.
“I am on a fixed income, are the premiums affordable?”
Yes, yes… yes! Plans start at only $6.06 a month so we can usually find something for everyone.
“Why would I work with you over some other guy?"
In short… I’m an awesome agent who wants your business. But more importantly, I can help your family in their time of need. Typically I can help save the family $1,000-$3,000 on funeral expenses and I know the industry like the back of my hand.
I monitor the prices of the funeral homes in the area. That means I can help your family select the funeral home that fits their needs and budget. I don’t represent any specific funeral home; therefore, my interest is only in you.
“I really hate salesmen, can I get the coverage without talking to one?”
The only way to qualify for this plan is to speak with a field underwriter. Their job is to help you qualify, fill out the papers, and answer questions… THAT’S IT! We are not high pressure people. We want your experience with us to be professional, convenient, and stress free.
“I have my final expenses all taken care of, why do I need more insurance?”
First off, you may not need anymore. My job is to help evaluate your situation, give you options, and YOU make the decision. Here are some things to think about... The funeral bill is not the only bill that remains to be paid. If you die and others depend on your income, things may become difficult. In fact, research shows that when a spouse passes away, monthly income can decrease by as much as 1/3! The bills keep coming but the income decreases. Here is a list of things, other than the funeral, that could potentially cost you money:
Rent Mortgage
Insurance Utilities
Car/gas Medical bills
Nursing home bills Estate planning Income replacement
"Why don’t I just prepay my funeral at the local mortuary?"
Pre-paying your funeral expenses might be the best option for you but before you decide, here are a few important facts you should know.
Fact #1: The Department of Corporations for the state of California advises NOT to prepay funerals. Instead they recommend pre-planing. Here is the actual quote:
Pre-paying your funeral expenses might be the best option for you but before you decide, here are a few important facts you should know.
Fact #1: The Department of Corporations for the state of California advises NOT to prepay funerals. Instead they recommend pre-planing. Here is the actual quote:
“DO NOT PRE-PAY- instead prearrange. Funeral homes and cemeteries often go out of business, are purchased by other companies, or stop providing certain services.”
http://www.corp.ca.gov/pub/pdf/SAIF/10_SAIF_2nd_Edition_Preparing_End-of-Life_Paperwork.pdf
http://www.corp.ca.gov/pub/pdf/SAIF/10_SAIF_2nd_Edition_Preparing_End-of-Life_Paperwork.pdf
Fact #2: Prepaying could limit flexibility
Once the services are prepaid, it could be a hassle if you move, change your mind about disposition, or flat out want a refund.There could be mountains of paperwork or even worse… they tell you ‘No’ because you are contractually obligated to the program.
Once the services are prepaid, it could be a hassle if you move, change your mind about disposition, or flat out want a refund.There could be mountains of paperwork or even worse… they tell you ‘No’ because you are contractually obligated to the program.
Fact #3:The false ‘freeze the funeral cost’ ploy
One of the main selling points of the prepaid funerals is the ‘freeze the funeral cost’ ploy.Mortuaries claim that they will freeze the price of the funeral at today’s price so that you won’t have to pay for the inflation down the road. In theory this is great but there is a problem.
Unless you can write the check for the FULL cost of the funeral, you wont get the frozen price.For example, mortuary XYZ claims that for $150 a month they will lock in a $6,700 funeral with all the fixings…The plan will be paid up in 5 years.
Lets do the math:
One of the main selling points of the prepaid funerals is the ‘freeze the funeral cost’ ploy.Mortuaries claim that they will freeze the price of the funeral at today’s price so that you won’t have to pay for the inflation down the road. In theory this is great but there is a problem.
Unless you can write the check for the FULL cost of the funeral, you wont get the frozen price.For example, mortuary XYZ claims that for $150 a month they will lock in a $6,700 funeral with all the fixings…The plan will be paid up in 5 years.
Lets do the math:
|
$150.oo Monthly
x 12 Months $1,800.00 Yearly $1,800.00 Yearly x 5 Year (Pay-off Plan) $,9000.00 Total! |
So, basically you are paying $9,000 to freeze a $6,700 funeral. The theory behind prepaying is to save money when in reality; it could cost you more if you finance it. Doesn’t that defeat the purpose of prepaying the funeral?
Fact #4: Monthly payments are typically more expensive than insurance premiums.
People are on fixed incomes and many don’t have $150 a month to spend on funeral stuff. Even if you do... who wants to spend it on a funeral? It makes more sense to take a fraction of the cost and purchases an insurance policy. It saves you money and the funeral will be paid for.
People are on fixed incomes and many don’t have $150 a month to spend on funeral stuff. Even if you do... who wants to spend it on a funeral? It makes more sense to take a fraction of the cost and purchases an insurance policy. It saves you money and the funeral will be paid for.
