Some insurance for burial "experts" out there are happy to recommend against purchasing a pre-need funeral insurance policy. It seems as if they want to steer you towards burial insurance or final expense insurance as a better option.
Of course the final choice of what's right for you and your family is yours. However, Legacy of Love offers a unique pre-need insurance solution that debunks four common "Cons" that these "expert" providers offer. Here's what they say are problems with pre-need insurance:
Myth #1: Typically involves a contract with a specific funeral home, locking in current prices for pre-determined services.
Legacy of Love Solution: Our pre-need insurance does NOT contract you with a specific funeral home. The policy contract is with you and you name the beneficiary (which is not a funeral home).
Myth #2: Less flexible; changes to arrangements may be difficult or incur additional costs, especially if you relocate or the funeral home closes.
Legacy of Love Solution: Since our pre-need insurance policy is NOT tied to a specific funeral home, you have flexibility with Legacy of Love. If you relocate, your pre-need policy goes with you. If your preferred funeral home closes, simply select another as part of your funeral pre-planning. Remember, your policy beneficiary is not the funeral home, it's someone you chose.
Myth #3: May not be transferable if you move to a different area or choose a different funeral home.
Legacy of Love Solution: We think you know the correct answer by now, LOL. The Legacy of Love pre-need insurance policy is fully portable in the event you move or decide to change funeral providers.
Myth #4: The funeral home is the beneficiary, receiving funds directly to cover the pre-arranged services.
Legacy of Love Solution: Nope. Although that may be the case with other pre-need insurance carriers, the funeral home is NOT the beneficiary for a Legacy of Love pre-need policy. You select a beneficiary who will use the funds to pay for the pre-planned funeral service at ANY funeral home. Any unused funds are for the family to keep and disburse as spelled out by your plan or decided by the beneficiary.
Please do your own research, or consult with one of our Legacy of Love expert counselors to talk through your unique situation. Final expense insurance may indeed be a better option for your particular instance after comparing to a pre-need policy. That's where consulting with a Legacy of Love expert can help you make the right decision.
Many funeral insurance experts state 4 common reasons why a pre-need insurance policy may not be right for you. Legacy of Love addresses those 4 "myths" with a pre-need funeral insurance solution that: 1) Does not contract with a specific funeral home; 2) Does not name a funeral home as the beneficiary; 3) Lets you choose who the beneficiary is; 4) Is portable and flexible in case you relocate or your funeral home closes.
Want to learn more about why a Legacy of Love pre-need funeral insurance policy may be right for you? Call us now at 833-888-0355 or fill out our online form and we'll respond right away.
