Pre-Need Insurance From Legacy of Love

What You Need to Know About the Differences

Pre-need funeral insurance is also known as pre-need life insurance or burial insurance. It is a type of permanent life insurance policy designed to cover the costs of a funeral and burial in advance. Pre-need insurance from Legacy of Love can help complete your funeral planning efforts by making sure that pre-planned funeral costs are addressed prior to difficult times.

A pre-need insurance policy with Legacy of Love allows you to plan and pay for your final arrangements while you are alive, alleviating the financial burden on your family after your passing.

Aren't All Pre-Need Insurance Policies The Same?

They are not. That's why working with a Legacy of Love funeral planning expert on this topic can be helpful.

Here's what makes a burial insurance policy with Legacy of Love different from the rest:

• You can choose the beneficiary. You're not locked into making a funeral home the beneficiary.
• Your Legacy of Love policy is portable and can be used at any funeral home. Because you're not locked into one particular funeral home, you have flexibility in case you move after planning your funeral or need to change funeral provider.

Key Aspects of Pre-Need Funeral Insurance with Legacy of Love:

Planning and Funding:
You work online learning about the differences between pre-need insurance and final expense insurance and develop your funeral plan, or you collaborate with your local Legacy of Love expert to plan your funeral arrangements and select the specific services you desire.

Cost Calculation:
Use our online calculators or consult your Legacy of Love counselor to calculate the total cost of the selected arrangements, and this amount becomes the basis for the pre-need insurance policy.

Payment Options:
You can pay the premium for the policy either in a lump sum or through installments from 1, 3, 5, and 10 years.

Death Benefit:
Upon your death, the death benefit is paid directly to your designated beneficiary - typically in less than 48 hours - and can be used at any funeral home to cover the agreed-upon funeral expenses.

Guaranteed vs. Non-Guaranteed Prices:
Some pre-need plans offer guaranteed prices for certain services, protecting against future price increases, while others may not guarantee all prices.

Transferability:
Pre-need insurance plans with Legacy of Love are transferable to another funeral home if you move or choose a different provider.

Benefits of Pre-Need Funeral Insurance:

• Relieves Financial Burden: Reduces the financial stress on family members during a difficult time.
• Ensures Wishes are Followed: Allows you to specify your funeral preferences and ensure they are honored.
• Inflation Protection: Guaranteed price options can help protect against rising funeral costs.
• Peace of Mind: Provides reassurance that final arrangements are taken care of.

Alternatives to Pre-Need Funeral Insurance:
Final Expense Insurance: A type of life insurance that provides a death benefit to cover funeral and other final expenses. It differs from pre-need in that it's not tied to a specific funeral home and offers more flexibility in how the funds are used.

Have further questions about how pre-need insurance plans from Legacy of Love differ from other insurers? We would be happy to help. Call 833-888-0355 or fill out our online form.

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