Insurance
Established in 2011, we specialize in retirement planning
INDEPENDENCE
INSURANCE AGENCY
The National Funeral Directors Association has stated the median cost of a funeral can be well over:
$12,000
With no way to pay for these expenses, surviving family and friends often experience financial hardship while dealing with grief. Preparing ahead of time is crucial to avoiding uncomfortable situations upon your passing.
How it Works
Two schools of thought:
Pre-Need
is not Life Insurance
Pre-need plans work through funeral homes. All the funeral arrangements and services are done through a specific funeral home.
Purchased from a specific funeral home
Priced out and paid in advance to funeral home
Cost of guaranteed services will always be covered by the funeral home
Non-guaranteed services may need to be made up by beneficiary
Details dependent on individual funeral home (highly variable)
Final Expense
is Life Insurance
Final Expense is a type of whole life insurance intended to cover funeral, medical, and any other expenses upon the death of the beneficiary.
Purchased from a life insurance company
Beneficiaries receive payout
Benefits are flexible, can be used to cover final arrangements and more
Benefits are not dependent on location, not tied to any specific funeral home
Insurer has established terms for all policyholders