USA Life Insurance Services

When you lose a loved one, you don’t want to think about finances. You want to remember the person you lost and grieve for them. Finances can make a stressful, saddening situation even worse. You will have to bury your loved one and incur funeral costs. Funerals cost thousands of dollars. Some funerals cost well over $10,000. You don’t want to stress about accumulating that money upon your loved one’s death. Burial insurance lifts the financial burden of funeral costs. This insurance policy helps you focus on remembering your loved one. You won’t have to scramble to raise funds. What Is Burial Insurance? Burial insurance is a whole life insurance policy designed to cover funeral costs. You can obtain a benefit ranging from $5,000 to $25,000. A burial insurance policy can cover one member of the family or every family member. The higher the death benefit, the more coverage you receive. You only receive the payout after someone’s death. The withheld payment ensures the money ...

Did you know that only 62% of Americans have communicated their funeral wishes to their family and friends? Planning for your funeral ahead of time is crucial; that way, your loved ones don’t have to worry about trying to figure out what you want.  Now, a great way to help out your family is by having burial insurance. However, if you’re unsure what burial insurance is, don’t worry; you’re not the only one.  In fact, with this guide, you can find out! From the definition of funeral insurance to how much it costs, you can decide if burial insurance is right for you.  Now, are you ready to get started? Here’s a quick look at burial insurance faqs:  1. What Is Funeral Insurance?  Funeral insurance or otherwise known as burial insurance, is a small life insurance policy. It’s meant to cover the cost of a person’s final expenses like a casket, funeral services, and the opening and closing of the vault. It can also pay for smaller expenses like flowers or a hea...

The cost of funerals keeps growing yearly. According to the National Funeral Directors Association (NFDA), the cost of burials rose to $7,848, and cremation was $6,971 in 2021 . Final expense insurance offers the best ways to be there for those you love even after your death. It allows you to cover your funeral expenses. That eases the financial burden on your loved ones. It also guarantees that they won’t suspend your last wishes due to financial constraints. Are you wondering what this final expense insurance is and how it works? This quick final expense insurance guide offers everything you need to know in simple language. Keep scrolling to learn more. What Is Final Expense Insurance? Final expense insurance is sometimes called burial insurance, funeral insurance, simplified or modified life insurance. It’s almost similar to whole life insurance . The only difference is that it’s more affordable and offers death benefits to beneficiaries. The face value (death benefit) of final...

No one likes to think about death and loss, and many are likely to avoid the subject of life insurance coverage because they don’t want to imagine negative events. But being prepared for the worst should ease anxiety. The following are some tips to swiftly secure a life insurance policy that is right for you. Understand the types of life insurance available before making a decision on which to purchase. Most insurance policies focus on Term Life or Whole Life and knowing the difference is key. Bear in mind that both of these types of policies can be tailored to your specific needs and situations. Do your homework. When setting up a life insurance policy, be aware of the holder of responsibility for the funds. The “adult payee” determination has no legal standing. Simply naming someone as the “adult payee” on behalf of someone else on a policy does not require the payee to spend those funds in care of the intended recipient. Save money on your policy by cleaning up your bad habits an...

Burial insurance , while perhaps less well-known than health insurance, life insurance, and other types of insurance, is still a vital part of the financial stability network that every individual ought to put in place over their lifetime. While the policy is often used to cover the costs associated with a funeral and interment, memorial service, and other end of life necessities; burial insurance is also an investment and security product. The beneficiary of the policy receives a no-strings-attached cash payout that can be used for whatever expenses he or she deems appropriate. Burial Insurance can offer Peace and Stability The period of time before, during, and after the passing of a loved one can be extremely stressful and emotionally draining. While money is certainly no substitute for the presence of a beloved family member, the fact is that the payout of a burial insurance policy can provide a cushion against financial strain that might otherwise intensify an already difficult ...

What would you do if you were not able to provide for your loved ones anymore? Having life insurance gives you peace of mind that if the worst happens, your loved ones will not be burdened by expenses. Life insurance is relatively inexpensive and there are many different options to choose from. Many people buy term life insurance when they’re younger because it’s cheap. Others are persuaded to buy whole life insurance, which, unlike term, has a cash value and can presumably be viewed as an investment. If you’re in good health, the term is generally the best value. Try to lock in term insurance for the longest possible timespan you can find. When it runs out, if you’re still in good health, keep looking for the term. Most of the time, whole life will be more expensive, but as you age, term life will also get quite expensive to cover the inevitable health issues that will crop up. Remember: term life as long as it makes sense rates, then switch to whole life. It’s a good idea to review...

When you think of your own death, one of the first things that come to your mind is what will happen to your loved ones. You can breathe a little easier knowing that your loved ones will be financially taken care of if you have life insurance. That is why it is so important that you pick life insurance that will suit the needs of your loved ones. Read this article for advice and suggestions on how to pick the right life insurance policy for you. If you meet with an agent for life insurance or for that matter, any type of insurance and they listen to your needs and make recommendations on the spot, you may want to consider meeting with someone else. An agent should get to know you and your needs, do some research to find the best possible options and then meet with you again to discuss them and then, plan a course of action. Don’t put off buying a life insurance policy. The older you are when you purchase the policy, the higher your premiums will be, even for the same amount of covera...

The cost of funerals has increased by an estimated 20% over the past couple of years. This cost is likely the result of shortages and demand coming about due to the Covid-19 pandemic. These prices are not expected to decrease, either. With this reality, many people may feel a little panicked about what to do.  Burial insurance provides a helpful way for you to protect your family from debt. This insurance provides peace of mind to the insured since it will help provide for the costs of their death. Curious to know more about this insurance? Keep reading to find out more! What Is Burial Insurance? You might be shopping for it yourself or for a loved one. But, you want to know, what is burial insurance? Burial insurance is an insurance policy that covers end-of-life expenses, such as funerals and even some debts. This insurance is similar to life insurance but is more affordable and less flashy. It does not cover all of the same features as a life insurance policy, b...

Getting the right life insurance policy is a very intricate part of your life’s financial planning, and that is stressful enough as an idea. However, when it comes to understanding the logistics involved, you may need a guide to help you through. Start with these life insurance buying tips and get a new understanding for better shopping. Don’t lie or withhold information on your life insurance application. If an insurance provider finds out that you did not disclose a medical condition or a certain type of lifestyle on your application, they can void your policy. If you die, this can then leave family members left behind in a difficult position. It is good practice to review and adjust your life insurance policy annually. Any major life event, such as the birth of a child, the purchase of a house or a child attending an expensive college, requires you to update your life insurance policy, otherwise, you could find yourself under-insured. There is no need to purchase life insurance i...

It’s a brand new year, and the fresh winds of resolve are blowing through everyone’s lives in these early days of 2022. If you are one of the approximately 50% of Americans who don’t already have a notarized will in place, adding “create a will’ to your to-do list would be a great way to get a leg up on your New Year’s financial goals. Establishing a concrete plan for assets such as life insurance or burial insurance , and appointing guardians and executors as needed in the event of your passing, are foundational ways to provide for the financial security of your loved ones. While the topic of your own mortality may not always be the most comfortable to ponder, putting a plan in place is a simple task that can be completed with ease from the comfort of your own home, with a minimum of guidance from a professional. What needs to be included in a will? The purpose of a will is to put in writing (and under a notary stamp) the details of your desires for the distribution of your estate....

Life insurance is something that we buy not for ourselves, but for the people that we love. We want to make sure that our family is taken care of in the event that tragedy strikes. If you are wanting to know more about life insurance, what you can expect and what you should be doing or looking out for, then you’ve come to the right place. You will find lots of tips and answers to your questions. When considering life insurance, it is best to buy it as soon as possible in your career. Rates will only go up as you get older, and with the addition of other ailments that you might be diagnosed with you may not even qualify for coverage. Start as early as you can and try to lock in a low rate. If you would prefer a permanent life insurance policy but can only afford term insurance, buy a convertible policy. At any point during your term policy, you can choose to convert to permanent life insurance. This helps keep rates lower when you are younger, and as you advance in your career your bu...