A form of life insurance which allows you to alleviate the financial burden left to your family at your passing, funeral insurance pays a lump sum dollar amount to your designated beneficiary. Of course, you don’t want to leave your family with money concerns on top of everything else. It’s hard enough to lose someone you love but worrying about how to pay for funeral services, a burial, and obituaries will only make the entire event that much harder to handle. Providing adequate funeral insurance can at least remove the financial burden from your survivors.

Funeral insurance can often be purchased in combination with accidental serious injury insurance. It can also be a beneficial supplementary insurance which will provide additional benefits to your family should you pass away. Carrying a substantial life insurance policy in addition to funeral insurance is an option as well. These two plans together will allow your family to pay funeral expenses immediately and still leave plenty of money to address ongoing survivor living expenses, major debts, and any other costs which will eventually arise, such as college tuition for your children.

Obtaining funeral insurance when you are still healthy makes it possible for your family to pay all the expenses associated with your passing in the unfortunate event that you come down with a terminal illness in the future. While some insurance companies will guarantee coverage regardless of your medical condition, no payout of benefits will be made in the first 12 months of coverage unless you pass as a result of an accident.

You should not expect to secure such insurance if a terminal diagnosis has just been received, as some insurance companies do have exclusionary policies. Planning ahead removes the financial burden from your loved ones‘ shoulders and allows them to grieve and move forward with life in the best way they possibly can.

An unexpected accidental death can leave your family without the necessary resources to pay for funeral arrangements. Carrying funeral insurance in addition to accidental serious injury insurance will leave your family with more than enough funds to cover all the essential expenses. Carrying a substantial life insurance policy in addition to funeral insurance allows your family immediate access to the necessary monies for funeral arrangements and provides them the ability to financially recover from the loss of your income as well.

The right funeral insurance will pay benefits to your designated beneficiary regardless of where your death might occur, even if you are out of the country at the time. Most plans pay out in the first year of coverage only if the insured individual dies as a result of an accident; however, death resulting from illness as well as accidents qualifies for benefit payments, following the initial 12 months of coverage under the plan.

Funeral insurance can be purchased as a single or multi-person policy. You may elect to insure a spouse or partner, as well as any dependent children under the age of 21 years. While planning for your own eventual demise is hard enough to think about, planning for the potential loss of a loved one can be even more difficult. The idea of losing your significant other or child is a terrible concept but paying for a funeral can exhaust your family’s savings. Obtaining funeral insurance is the responsible way to protect the whole family.

The cost of funeral and burial expenses often exceeds the money a family has available. Even if you have some money in savings, it may not be enough to pay for all the things which need to be taken care of. Leaving your family with a funeral insurance policy which will cover all necessary expenses is the responsible and unselfish thing to do.

Changing your coverage amount after you’ve enrolled in a funeral insurance plan is possible. Premium rates generally increase with age as well. It is important to realize that funeral insurance often cannot be obtained after you reach a specific age, making it essential that you sign for a good plan when you are younger and maintain that policy throughout your life.

Although the age exclusion for eligibility is usually pretty high, around 70 or 80, many people fail to plan for their own eventual demise, often leaving family members without the ability to pay for arrangements after they pass. Caring enough about your family to provide for your own funeral is only an extension of the love you shared in life. Planning ahead saves them additional heartache.

Aaron Irwin is a representative of Guardian Insurance. With Guardian, insurance cover is uncomplicated and easy to apply for. Our products are transparent, flexible and easy to understand; offering financial protection for your loved ones and peace of mind for you in a matter of minutes, over the phone.For more information about funeral insurance australia. Visit us online today!