• Pre-Need Life Insurance

• Guaranteed Prepaid Funeral Plan

• At-Need Cash Sources

• Cash at Need Plan

The two different methods commonly used to fund a pre-need plan are via a trust or insurance.  
                         
Pre-Need life Insurance - An insurance policy the funeral director buys on your behalf (you pay the full premium amount in one lump sum or installments) to pay for your prearranged funeral. Click here for Free Life Insurance Quotes!  

Pre-need life insurance is a specialized form of life insurance or annuity used to fund the predetermined expenses of a  funeral, cremation or burial.

Trust accounts are one of the most common methods of handling funds paid on a pre-need contract. The funds are deposited in a bank or trust company in a trust fund, which earns interest that is accrued to principal in the account. Source of funds for the trust account can be from whatever your method of payment-cash, insurance proceeds, SSI/Medicaid, etc.

If the trust account is invested on a commingled basis with other similar accounts, usually a higher rate for interest is earned than on individual savings accounts. There are federal tax liabilities on interest earned on the trust account.

Life insurance policies may be used to fund pre-need contracts. In some cases, a pre-existing life insurance policy's death benefit may be pledged, or if permitted, directly assigned to the funeral home. In some states, the funeral directors may also sell life insurance policies. You will usually have to answer questions about your age and health in order to qualify for life insurance.

It would be a good idea to find out if the particular policy had a fixed death benefit or if it will increase over time to cover the rising cost of funeral needs. Death benefits paid  on life insurance policies are tax free.

When shopping for pre-need insurance, a good place to start is with a good funeral home that sell a "Guaranteed" Prepaid Funeral Plan supported by an insurance company that is committed to a promise.

•  A promise to preserve the value of funeral service.

•  Provide marketing programs, literature, and other information that informs families about all available options in funeral care.

• Transition Assistance: resources to care for elderly or ill family members.
 
• Advance funeral planning: easy options for working Americans and seniors.

•  Aftercare: support for families that have experienced a loss   In short, an insurance company committed to providing products, products, support and service that makes it possible to keep their promise.                                              

If you having difficulty getting insurance, whether it’s for life or disability, there is a product for you. If you become ill or disabled from your job, you may need help to pay your medical and household  bills.  No physical exam is required. Check for the best prices on burial insurance here.

At-Need is when you have experienced a loss and no arrangements been made.  In an At Need situation arrangements must be paid in cash.

 Cash to pay the final expenses of your loved one may come  from a number of sources?

•  Cash on hand 

•  Credit cards 

•  Consumer loans

•  Consumer loans for less than perfect credit 

•  Liquidation   of assets

•  Veterans burial benefits  

•  Burial flags  

 As a matter of convenience you can apply online and  expect a response with in an hour or two. You may apply for secured or unsecured consumer loans with the typical unsecured loan amount being $2,500 to $5,000. Secured loans may start at $5,000 and go up from there.