| Question #1 | What is Preneed? |
| Answer: | The term "preneed" refers to any aspect of prearranging, pre-funding, or pre-planning a funeral. |
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| Question #2 | What is a preneed insurance policy? |
| Answer: | A preneed life insurance policy is a policy that covers funeral costs at the time of death. Preneed insurance provides an efficient and cost-effective way to fund a funeral prearrangement. |
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| Question #3 | What are the benefits of prepaying your funeral?
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| Answer: | 1. Pre-planning your funeral:
2. Lets surviving family members know what type of funeral
arrangements are desired by choosing specific funeral services
and merchandise.
3. Saves the family from stress.
4. Provides an opportunity to personalize the funeral and post-death
activities.
5. Assures survivors won't select a type of funeral different than the
one desired.
6. Assures a surviving spouse of having the same funeral as the one
selected for the deceased spouse, if desired.
7. Avoids the problems caused by family separation.
8. Gives peace of mind to the person planning his or her funeral in
advance of need.
9. Organizes personal records in one place.
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| Question #4 | What are the benefits of pre-funding your funeral?
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| Answer: | Pre-funding your funeral enables you to:
* Determine the price involved for a funeral based on your personal
wishes and decisions.
* Choose a payment plan that fits your budget.
* Provide parameters on the amount that should be spent.
* Receive protection from inflation.
* Relieve stress of funeral expenses on surviving family members
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| Question #5 | What are the benefits of preneed insurance over annuities?
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| Answer: | Preneed insurance funds aren't taxable, and preneed insurance guarantees that your funeral expenses will be fully covered. |
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| Question #6 | What are the benefits of preneed insurance over life insurance? |
| Answer: | Preneed insurance guarantees that your funeral expenses will be fully covered. At the time of need, preneed funds are available immediately, with no complicated claims procedures. |
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| Question #7 | What are the benefits of preneed insurance over savings accounts?
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| Answer: | Preneed insurance is untouchable and meant for final funeral expenses only. As with its advantage over life insurance, preneed funds are available immediately, without having to go through a lengthy claims process. |
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| Question #8 | What are the benefits of preneed insurance over bank or funeral trusts? |
| Answer: | Preneed insurance funds aren't taxable. In addition, preneed insurance guarantees that your funeral expenses will be fully covered. |
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