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Payment Options:

                Usually Pre-Need companies have flexible payment options to meet their customers’ needs. The death benefit of a pre-need plan grows over time to help offset incidental expenses. The pre-need plan allows policyholders to pre-fund funeral plans by making one single payment or spreading payments out over a one, three, five, or ten-year period. If you relocate to a new area, your pre-need plan can transfer with you.

Tax-Exempt and Creditor Protected:

                Pre-need plan funds are tax-exempt and creditor protected by law.


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By pre-planning your funeral, you can:
  1. Make all the arrangements during a time of peace and not leave them to your family during their time of grief.
  2. Make your wishes known.
  3. Control the cost of your funeral and protect from inflation.
  4. Protect your insurance so that it provides for your survivors and not for funeral expenses.
  5. Provide protection in case the need arises before it is expected.

If you need help finding the right Pre-Planning (Pre-Need) Insurance…. E-mail or call… We can help! 


    Please help me with my funeral planning

 
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What is it?

A pre-need plan is a dedicated funeral fund used to pay the predetermined expenses of a funeral, cremation or burial. Many people have chosen to make funeral or cremation arrangements prior to their death due to costs. These arrangements are commonly referred to as funeral preplanning, prearranging, pre-need, or a dedicated funeral fund.

Funeral preplanning can offer peace of mind - knowing that your wishes will be respected and that the family has fewer burdens during a time of grief.

Others find that by pre-funding their funeral and burial expenses, any additional life insurance they already have purchased may be used for its original purpose and not for funeral expenses.

Why should I get it or think about getting it?

No one likes to think about death, let alone plan for it. In many families, discussing one's mortality is an extremely uncomfortable topic. But it is a topic that should be discussed and planned for well in advance of your death.

By pre-planning your funeral, you relieve your family of having to make important financial decisions during a period of great stress and grief-a time when people aren't thinking very clearly and may not know what to do because you never made your wishes known.

It's easy to say, "Don't make a fuss. I don't want a ceremony. Just bury me and be done with it." But it is important to realize that the ritual of a funeral and/or memorial service isn't for the deceased but for the living. It is a time when friends and family can gather together to grieve openly and to provide support for one another.

Pre-planning your funeral can be very informal, and as simple as following a pre-planning checklist (Below) and sharing your wishes with a family member. More Formal arrangements in the form of a preneed contract can be set up with a funeral director and pre-funded through life insurance, bank trust agreement, or another method.

Pre-planning, when done properly, can give you peace of mind because you know that your arrangements are ready and pre-funded.


Pre-planning Checklist
File Size: 439 kb
File Type: pdf
Download File

 
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Life insurance is not only for Adults.  Several individuals have chosen to insure their children for a number of reasons.  Here are a few of the benefits providing Life Insurance for your children will create.

Death Benefit

None of us want to believe that we could possibly burry our children.  As sad of a thought that is, it does happen.  Funeral costs are expensive, and if the death of a child is not hard enough, the expenses could ruin your family financially.  Sometimes knowing that in case something does happen to your little ones, you will be able to provide them with the services they deserve and be able to mourn their loss without the worry of suffering financially.  Life insurance on a child pays for funeral expenses plus the cost of any medical treatments, particularly if the illness was extended.  Parents often require professional help after a loss that devastating and some funds can pay for bereavement counseling or in cases of severe depression, to replace their income until they come to grips with the loss. 

Rate & Insurability

Purchasing life insurance on a child guarantees that he will have insurance at a lower cost and the policy will remain in place, regardless of later health issues. Even if the child does not suffer any change in health, early purchase of life insurance locks in the cost and policy before he develops bad habits such as smoking, dangerous occupations or risky avocations such as racecar driving. The younger you are when you purchase insurance, the lower the annual cost of the policy. Parents often like to help their children get a good start in life by purchasing policies early for them in order to keep their children’s cost lower later in life.  Level premium whole life policies do this.  Also, term riders for children can be added to a parent’s policy.

Cash Value

Some parents like the idea of a tax-deferred savings in the insurance they purchase for their child. Whole life policies and universal life policies offer a cash reserve for later use. The parents may use the money to supplement college costs or turn the policy over to the child as a gift. If the child receives the life insurance as a gift, she can cash it in, borrow from it for a major purchase, take it as a paid up policy or continue to make payments on it.  Now, who wouldn’t want that for their child! 


For more information please contact us at info@prospersbs.com.